Japan $270 Billion Amova Asset Management (Previously Nikko Asset Management) Appoints CEO Stefanie Drews as Sumitomo Mitsui Trust Group (SMTG) Executive Officer & Global Asset Management Officer (1/4/26)
28th February 2026 | Hong Kong
Japan Amova Asset Management (Previously Nikko Asset Management) with $270 billion AUM has appointed CEO Stefanie Drews with additional role as Sumitomo Mitsui Trust Group (SMTG) Executive Officer & Global Asset Management Officer (1/4/26). In 2025 February, Japan Nikko Asset Management ($246 billion AUM) announced the appointment of President Stefanie Drews with additional role as CEO (1/4/25), and hires Sumitomo Mitsui Trust Bank Executive Advisor Kuniyuki Shudo as Executive Chairman succeeding Yutaka Nishida. Stefanie Drews joined Nikko Asset Management in 2014, and was appointed as President in 2022. Prior, Stefanie Drews was with Barclays (Global Head of Key Clients & Family Offices) from 2010 to 2014, and Morgan Stanley Private Wealth Management (Managing Director) from 1997 to 2010. In 2025 December, Amova Asset Management announced to buy the remaining 80% stake in Malaysia top 3 asset manager AHAM Capital ($24 billion AUM) from other shareholders (Include CVC Capital Partners) to own 100% stake (Pre-transaction 20% stake). AHAM Capital was founded in 2001 by Dato’ Teng Chee Wai. AHAM Capital include Shariah-compliant investment company AIIMAN Asset Management, private equity firm Bintang Capital Partners & minority stake in Malaysia digital wealth platform Versa Asia. In 2025 September, Japan Nikko Asset Managemen announced the official name change to Amova Asset Management on 1st September 2025, and remains a full subsidiary of Sumitomo Mitsui Trust Group. Nikko Asset Management was founded in 1959 in Japan. Amova – Am derived from Asset Management, mov derived from Movement & ova derived from Nova (Latin Meaning: New). In 2024 September, Nikko Asset Management ($240 billion AUM) announced to rename as Amova Asset Management on 1st September 2025, and to remain a full subsidiary of Sumitomo Mitsui Trust Group. AHAM Asset Management – AHAM Asset Management Berhad (“AHAM Capital”) is an independently-managed, institutionally-owned asset management firm. Since beginning operations in 2001, AHAM Capital has served the wealth needs of corporates, institutions, pension funds, government-linked companies, high net worth individuals and the mass affluent. AIIMAN Asset Management Sdn. Bhd. (“AIIMAN”) is the wholly owned Shariah investment arm of AHAM Capital. Beginning operations in 2008, AIIMAN manages assets for pension funds, institutions, corporates, high net worth and mass affluent individuals. Through an end-to-end Shariah platform, AIIMAN focuses on delivering exceptional and innovative Shariah investment solutions spanning equities and sukuk. Amova Asset Management – Amova Asset Management is a global asset manager founded and headquartered in Japan. Our history began in 1959, with an ongoing commitment to empower individual and institutional investors throughout the world to achieve their fina ncial goals. Our over 200* investment professionals manage a wide range of strategies, with USD 270.8 billion in assets under management. Shaping a brighter future with our stakeholders through progressive investment solutions, we are Amova Asset Management, a proud member of Sumitomo Mitsui Trust Group. Nikko Asset Management was renamed Amova Asset Management effective 1 September 2025.
“ Japan $270 Billion Amova Asset Management (Previously Nikko Asset Management) Appoints CEO Stefanie Drews as Sumitomo Mitsui Trust Group (SMTG) Executive Officer & Global Asset Management Officer (1/4/26) “
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Japan $270 Billion Amova Asset Management (Previously Nikko Asset Management) Buys Remaining 80% Stake in Malaysia Top 3 Asset Manager AHAM Capital ($24 Billion AUM) from Other Shareholders (Include CVC Capital Partners) to Own 100% Stake, AHAM Capital Founded in 2001 by Dato’ Teng Chee Wai, AHAM Capital Include Shariah-Compliant Investment Company AIIMAN Asset Management, Private Equity Firm Bintang Capital Partners & Minority Stake in Malaysia Digital Wealth Platform Versa Asia
23rd December – Japan Amova Asset Management (Previously Nikko Asset Management) with $270 billion AUM has announced to buy the remaining 80% stake in Malaysia top 3 asset manager AHAM Capital ($24 billion AUM) from other shareholders (Include CVC Capital Partners) to own 100% stake (Pre-transaction 20% stake). AHAM Capital was founded in 2001 by Dato’ Teng Chee Wai. AHAM Capital include Shariah-compliant investment company AIIMAN Asset Management, private equity firm Bintang Capital Partners & minority stake in Malaysia digital wealth platform Versa Asia. In 2025 September, Japan Nikko Asset Managemen announced the official name change to Amova Asset Management on 1st September 2025, and remains a full subsidiary of Sumitomo Mitsui Trust Group. Nikko Asset Management was founded in 1959 in Japan. Amova – Am derived from Asset Management, mov derived from Movement & ova derived from Nova (Latin Meaning: New). In 2024 September, Nikko Asset Management ($240 billion AUM) announced to rename as Amova Asset Management on 1st September 2025, and to remain a full subsidiary of Sumitomo Mitsui Trust Group. AHAM Asset Management – AHAM Asset Management Berhad (“AHAM Capital”) is an independently-managed, institutionally-owned asset management firm. Since beginning operations in 2001, AHAM Capital has served the wealth needs of corporates, institutions, pension funds, government-linked companies, high net worth individuals and the mass affluent. AIIMAN Asset Management Sdn. Bhd. (“AIIMAN”) is the wholly owned Shariah investment arm of AHAM Capital. Beginning operations in 2008, AIIMAN manages assets for pension funds, institutions, corporates, high net worth and mass affluent individuals. Through an end-to-end Shariah platform, AIIMAN focuses on delivering exceptional and innovative Shariah investment solutions spanning equities and sukuk. Amova Asset Management – Amova Asset Management is a global asset manager founded and headquartered in Japan. Our history began in 1959, with an ongoing commitment to empower individual and institutional investors throughout the world to achieve their fina ncial goals. Our over 200* investment professionals manage a wide range of strategies, with USD 270.8 billion in assets under management. Shaping a brighter future with our stakeholders through progressive investment solutions, we are Amova Asset Management, a proud member of Sumitomo Mitsui Trust Group. Nikko Asset Management was renamed Amova Asset Management effective 1 September 2025.
Japan $260 Billion Nikko Asset Management Announced Official Name Change to Amova Asset Management on 1st September 2025 & Remains Full Subsidiary of Sumitomo Mitsui Trust Group, Nikko Asset Management Founded in 1959 in Japan, Amova – Am Derived from Asset Management, mov Derived from Movement & ova Derived from Nova (Latin Meaning: New)
2nd September – Japan Nikko Asset Management ($260 billion AUM) has announced the official name change to Amova Asset Management on 1st September 2025, and remains a full subsidiary of Sumitomo Mitsui Trust Group. Nikko Asset Management was founded in 1959 in Japan. Amova – Am derived from Asset Management, mov derived from Movement & ova derived from Nova (Latin Meaning: New). In 2024 September, Nikko Asset Management ($240 billion AUM) announced to rename as Amova Asset Management on 1st September 2025, and to remain a full subsidiary of Sumitomo Mitsui Trust Group.
Amova Asset Management
Headquartered in Japan with global presence, Amova Asset Management is a leading asset manager and progressive investment solutions provider, driven by the promise to help you progress towards your goals. Our clients include institutional investors, intermediary, and individual investors. We provide tailored solutions that instill confidence and support your long-term goals in an evolving investment landscape.
We combine:
- More than 65 years of commitment to performance excellence with USD260.3 billion in assets under management (as of 30 June 2025)
- A global network of investment teams and partners-supported by over 200 investment professionals and an extensive network of distributors across 10 countries and regions (as of 1 July 2025)
- High-conviction, active fund management across Equity, Fixed Income, Multi-Asset, and Alternative strategies
- A diverse suite of passive strategies covering a wide range of indices and some of Asia’s leading exchange-traded funds (ETFs)
- Investor focus and genuine partnership rooted in trust, transparency, and high standards of client care
We are committed to creating lasting value through responsible decisions that support our clients, partners, and broader community. This shared mission—shaping a brighter future together with our stakeholders—is at the heart of who we are.
Amova Asset Management, a proud member of Sumitomo Mitsui Trust Group.
1959 December – Established Nikko Securities Investment Trust and Management Co., Ltd.
Japan $240 Billion Nikko Asset Management to Rename as Amova Asset Management on 1st September 2025, Remains a Full Subsidiary of Sumitomo Mitsui Trust Group
11th September 2024 – Japan Nikko Asset Management with $240 billion AUM has announced to rename as Amova Asset Management on 1st September 2025, and remains a full subsidiary of Sumitomo Mitsui Trust Group. Nikko Asset Management was founded in Japan in 1959. Amova is derived from Am (Asset Management) and ova (Nova, which means new in Latin).
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