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...

To continue reading, please login or register for free

Click for more on: shinsei | mellon | hope | learn | othersæ | mistakes

Print Edition

FinanceAsia Print Edition