Shinsei, Mellon hope to learn from othersÆ mistakes

The new asset management JV has the potential to become a major player in Japan''s pensions market.

The announcement that Shinsei Bank and Mellon Financial are establishing a joint venture investment advisory company to tackle the Japanese pension fund market should have competitors worried.

Shinsei, formerly Long-Term Credit Bank, is one of a handful of banks that were nationalized and then sold to foreign owners. It is not one of Japan's mega-banks but is the only large one to be foreign owned by the consortium Ripplewood Holdings, ranked 20th in Japan in FinanceAsia's Top 200...

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