Japanese forex brokerage holding company Monex Group, together with local financial service company Credit Saison and US-based investment manager The Vanguard Group have established an investment management company in a joint venture partnership, Monex Group said in a statement on Monday. The new company, named Monex-Saison-Vanguard Investment Partners (MSVIP), is set to start operations in the spring of 2016.
MSVIP will launch operations next spring as soon as it gets registered with the Japan’s Financial Services Agency (FSA).
The Toklyo-based JV will serve retail investors and will be run by Hiroshi Aikawa, who has been selected to take up the positions of representative director and president of the new company.
By leveraging cutting edge technology and financial expertise, MSVIP will provide clients with a quality, customized investment that will better fit each client’s financial goals, Monex Group said in the statement.
Monex Group said that neither its consolidated financial performance for the fiscal year ending 31 March, 2016, nor that of Credit Saison, will be significant enough to affect the market on which the companies operate.
Monex Group consists of Japan-based Monex Group Inc, Monex Inc, Trade Science Corp, Monex Ventures Inc, and Monex Hambrecht Inc, as well as Trade Station Group Inc and Monex International Ltd, which are in charge of the group’s businesses in North America and Europe and Asia, respectively.
Through its five consolidated companies, Credit Saison provides credit services and finance and real estate related activities. The company has a client base of 35 million. Pennsylvania-based Vanguard Group is one of the oldest funds and operates at more than 16 locations across the world. It offers low-cost mutual funds, ETFs, advice, and related services to individual and institutional investors.
Source: monexgroup.jp
