Nikko AM has a total of $211 billion of assets under management, and said that the US is a big part of its global growth program.

Japan-headquartered Nikko Asset Management has selected Seth Masters and Mark Stoeckle in the US to join its board of directors. 

Masters spent more than 25 years at AllianceBernstein in New York, serving as chief investment officer across multiple asset classes, and catering to retail, institutional and high net worth clients. He is vice chairman at New York Angels, a New York-based organization composed of entrepreneurs and venture capitalists. He has particular experience in China.

Stoeckle has served as CEO at the Baltimore, Maryland-based investment manager Adams Funds for about 10 years since February 2013. He was also chief investment officer at BNP Paribas Investment Partners, and worked in other senior roles.

With the appointments of these two board members, out of a total of 11, nine directors are outsiders.

The firm’s president, Stefanie Drews, said the US is a “key component” of Nikko AM’s global growth strategy.

The firm has $211 billion of assets under management.