Japan Asset Management News

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• In December 2023, BlackRock introduced a UK version of its LifePath Target Date fund range, aiming to compete with similar offerings from Vanguard and Legal & General Investment Management.
• In September 2023, AEW, an affiliate of Natixis IM specializing in real estate investment, unveiled its inaugural place-based impact investing strategy. This strategy leverages real estate's capacity to provide social and community infrastructure by combining investments that target social and environmental impact.

• In September 2023, NEC has secured a 50.1% ownership stake in Japan Asset Management (JAM), a Tokyo-based financial technology company. Through this capital alliance, NEC aims to drive the digital transformation (DX) of IFA services.
• In May 2023, Union Bancaire Privée, UBP SA (UBP), revealed its acquisition of 100% of the shares issued by Angel Japan Asset Management Limited (Angel Japan AM), an independent investment advisor based in Tokyo, specializing in Japanese small-cap equities.

• January 2023: Amundi Asset Management Lists New ETF in Germany for Investments in Small Cap US Companies.
• January 2023: The value of German government bonds on loan increased to EUR 111.1 billion (USD 121 billion) in 2023, the highest level since December 2015. Investors amassed the biggest bet against German government bonds since 2015, as the country issues large amounts of debt and the European Central Bank (ECB) talks tough on inflation.

• May 2023: Saudi-based Riyad Capital has launched the Riyad Real Estate Development fund - Durrat Hitteen, in partnership with property developer Al Ramz Real Estate Company. The fund, with a value exceeding SAR0.5 billion (USD 133.3 million), aims to develop a mixed-use project in the Hitteen district in Riyadh with a total area of 27,119 square meters.
• January 2022: Saudi National Bank (SNB) announced the completion of the merger between NCB and Samba Financial Group, making it the largest and fastest merger in the history of the region. The merger included five key areas consisting of migrating personal and corporate customer accounts, migrating treasury, NCB Capital, and Samba Capital customers, in addition to migrating other administrative sectors and the merger of both banks' branches.

• March 2023: MANGOPAY and PayPal expanded their long-term strategic collaboration to give marketplaces instant access to PayPal's international payment capabilities.
• May 2022: Mastercard announced cooperation with Synctera, a renowned FinTech banking service. The firms collaborated to supply account validation solutions for Synctera-powered FinTechs using Mastercard's open banking platform.
• March 2022: Envestnet partnered up with Productfy, a developer of a business-to-business fintech platform. With this collaboration, fintech creators using Productfy's platform would have direct access to Envestnet via a single interface.

• July 2024: Dutch firm Boskalis planned to acquire the remaining shares in Smit Lamnalco, the world’s fifth-largest towage operator, which already owns 50%. Smit Lamnalco, a joint venture with Saudi’s Rezayat Group, reported USD 275 million in revenue and USD 100 million in EBITDA for 2023. The acquisition is pending regulatory approval.
• December 2023: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (Medgulf) announced on December 2023 that it received a notice to award the contract to provide health insurance services for Saudi Electricity Company (SEC) employees and dependents for one year.

• November 2023: AXA completed the purchase of Laya Healthcare Limited for a price of USD 684 million, as previously reported by the company.
• July 2023: AXA completed its acquisition of GacM Spain for an amount of USD 326 million, according to a statement made by AXA on the occasion of the transaction.

• June 2024: Equifax unveiled an education verification tool, Talent Report High School, tailored to assist employers and background screeners in confirming high school diploma details during pre-employment checks. This solution offers real-time verification of US high school diploma data, made possible by its direct integration with the National Student Clearinghouse.
• June 2024: TransUnion and Asurint Partnered to offer cutting-edge screening solutions for Multifamily Property Managers. Multifamily property managers grapple with the demanding responsibility of screening applicants. They must efficiently perform comprehensive criminal background checks while navigating stricter consumer privacy laws. TransUnion unveiled a strategic alliance with Asurint to deliver a compliance-centric approach to criminal background screening.

• In March 2024, Allianz SpA completed the acquisition of the Italian insurance and reinsurance company Tua from Assicurazzioni Generali SpA for an agreed price of EUR 280 million. The transaction was first announced on October 12th, 2023.
• In May 2023, InsureMyTrip is now offering travel insurance in Canada. Traveling Canadians and visitors to Canada can now go online at insuremytrip.ca to compare, quote, and buy travel insurance from the best travel insurance providers in the country. With the launch of insuremyTrip.ca, the website is set to become the go-to travel insurance comparison website in Canada. 
• In February 2023, Vistara formed a partnership with Allianz Partners to offer optional travel insurance to its passengers. Customers can now opt for travel insurance during the booking process for both domestic and international flights.

• January 2024, AXA IM introduced the AXA IM MSCI Europe Equity PAB UCITS ETF to its range of ETFs. This new ETF tracks the MSCI Europe Climate Paris Aligned index, providing investors with a cost-effective choice for sustainable, low-carbon investments.
• Allianz disclosed its intention to acquire Tua Assicurazioni SpA from Assicurazioni Generali SpA for EUR 280 million (USD 297.89 million) in 2023.