New boss at Nikko Asset Management

Peter Lynn has been promoted within Nikko and his replacement has been found at AMP Capital.

Friday, September 18th 2015, 5:25PM

AMP Capital's head of distribution George Carter has been appointed as head of Nikko Asset Management in New Zealand.

The appointment comes as current boss Peter Lynn has been promoted to a role with the company in Singapore.

Lynn will head Product Promotions in Singapore, with global responsibility for products across a range of asset classes, including international multi-asset products. This is a new strategic initiative, headed out of Tokyo, set up to ensure Nikko Asset Management's products and solutions effectively reach its global client base.

Carter takes over the helm in November. He has 15 years of experience in the financial services industry and was previously Head of Distribution and a Director at AMP Capital, a role he held for six years with responsibility for proactively engaging with and managing all the business’s external relationships. Prior to that, he worked as a consulting actuary providing investment and superannuation advice to institutional clients in the UK and New Zealand.

“We are delighted to welcome George Carter to Nikko Asset Management to lead our New Zealand team,” said Takumi Shibata, President and CEO of Nikko Asset Management. “With his proven track record and reputation in the New Zealand market, George is well-placed to build on the momentum established under Peter Lynn’s leadership.”

Nikko Asset Management New Zealand’s total AUM has reached over $4.6 billion (as of July 2015), a $700 million increase since December 2014.

Tags: AMP Capital Nikko AM