Nikko Asset Management is set to rename itself as Amova Asset Management on 1 September 2025.
Speaking about the change, the firm said: “This name change reflects the progress so far, and path forward, in the firm’s Global Growth strategy to strengthen growth in Japan and expand in global markets.”
Specifically, ‘Amova’ is an amalgamation of the concepts driving the business. According to Nikko AM, the ‘Am’ stands for the core asset management business, the ‘mov’ represents the theme of movement – innovation – and finally ‘ova’ refers to newness (from the Latin nova).
The firm is headquartered out of Tokyo and has presence in 11 countries and regions across four continents.
Following the rebrand, the firm will remain a wholly owned subsidiary of Sumitomo Mitsui Trust Group.