Nikko Asset Management will no henceforth be known as Amova Asset Management following a rebrand which takes effect today, 1 September.
Specifically, the firm explained that the ‘Am’ stands for the core asset management business, whilst the ‘mov’ represents movement with the changing investment landscape.
In addition, the ‘ova’, from the Latin nova, refers to newness – including expansion into new frontiers, and new innovations.
The rebrand – initially announced in September 2024 – is intended to “more precisely embody the current iteration of the firm’s management policy and set the stage for further global growth,” said Amova AM.
Following the move, the firm will still remain a wholly owned subsidiary of Sumitomo Mitsui Trust Group.