Thira joins from BNP Paribas AM where he was most recently Head of Wholesale Distribution, Australia & New Zealand. He brings a wealth of experience in the Australian asset management industry, having previously held various distribution roles with Nikko AM and Blackrock. He began his career on the investment side at AMP in 2007. Thira holds a Master of Applied Finance from Macquarie University, Sydney.

Thira’s appointment is a key step in the growth strategy for UBS Asset Management in Australia and New Zealand as we develop our local with global product strategy and strengthen our distribution capabilities in this fast-evolving wealth market. Thira will report locally to Alison Telfer as Country Head for UBS Asset Management Australia & NZ and regionally to Thomas Kaegi, APAC Head of Wholesale Distribution.

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Thira Ngoeun has joined the firm as a Regional Sales Manager for New South Wales & Queensland. Mr Ngoeun was previously Vice President – Research Relationship Manager at BlackRock, where he was responsible for managing national account platform research and independent consultant relationships. Prior to BlackRock, Mr Ngoeun worked at AMP Financial Services as a Model Portfolio Manager & Senior Research Analyst.

Sam Hallinan, Managing Director of Nikko AM Australia noted: “We are pleased to welcome Thira to the team and believe that his addition will further strengthen our relationships in New South Wales & Queensland as part of our commitment to comprehensively service the needs of financial advisers.”
In an environment where advisers and their clients are increasingly seeking income solutions for retirement planning, whilst the opportunities for income generation are becoming harder to find, Nikko AM Australia has reviewed its range of retail funds and reduced the management fee for the Nikko AM-Tyndall Australian Share Income Fund from 0.95% per annum (p.a.) to 0.85% p.a. (effective 1 July).
As part of the same review, Nikko AM Australia decided to simplify its existing product range and improve accessibility for investors by reducing the minimum initial investment amount for its flagship retail funds* to AUD 20,000.

“In the Australian market, it is important to continually review pricing models and access points for clients. In our view, fund managers need to constantly evolve their model in response to the changing dynamics of our vibrant industry and these changes represent another step forward for us as a firm,” Mr Hallinan added.

Delivering a grossed up dividend yield of 8.73% p.a. (before fees) since its inception in November 2008, the Nikko AM-Tyndall Australian Share Income Fund has exceeded its long-term performance objective by delivering an excess grossed up dividend yield greater than 2.00% p.a. above its benchmark** over the medium to long term (as at 31 May 2016).

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*Nikko AM-Tyndall Australian Share Wholesale Fund, Nikko AM-Tyndall Australia Share Income Fund, Nikko AM-Tyndall Australian Share Concentrated Fund, Nikko AM New Asia Fund and Nikko AM Australian Bond Fund. The Nikko AM Global Share Fund already had a minimum initial investment amount of AUD 20,000 so there will be no change.

**The dividend yield of the S&P/ASX 200 Accumulation Index (grossed up for franking credits).

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