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 Asian Banks survey see our August edition. Thanks to this pedigree it is also the most commercially minded of the large banks, providing its shareholders a return on average assets of 0.71% last year,...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222