Japan

Société Générale Private Banking (Japan) plans to hire more than 10 people by the end of this year.

Nikko Asset Management is set to acquire Tyndall Investments from Suncorp Group. Tyndall currently has over US$24.5 billion in assets managed on behalf of institutional investors, superannuation funds and private clients in a broad range of equity and fixed income products. It is the fifteenth largest fund manager in Australia and fifth largest in New Zealand. The acquisition of Tyndall will bring Nikko’s assets under management to US$145 billion. Nikko CEO Timothy McCarthy says the acquisition strengthens the company’s bid to be the leading Asian investment management company, according to the International Adviser.  “Tyndall Investments brings us a first rate investment team and tremendous local knowledge. We know there is a lot of appetite for Tyndall’s products in Japan, as well as significant growth in Australia,” said McCarthy.

Nomura appointed Kuwait Finance House (Malaysia) Berhad as the Mandated Lead Arranger for the proposed issuance of a two-year Sukuk al-Ijarah of USD100 million.

Nomura said retail investors in Japan have been keen to gain exposure to foreign instruments through investment trusts, otherwise known as toushin.

The Japanese financial services firm SBI Holdings will create two funds with Jefferies Group for stocks in Asia and the US.

Survey indicated that events of the past two years have brought alternative investors' risk management and governance concerns into sharper focus.

Nomura and NEXI join hands in creating fund to utilize trade insurance to invest in infrastructure projects in Asia.

Declining by $53.5 billion in May, the value of investment trust funds for Japanese investors was hit by the strengthened yen as Europe's debt crisis weighed on global shares.

Alliance expected to offer coverage representing 25% of global market capitalisation.

Agency still cautious as Europe's sovereign credit crisis can pull down anemic growth of Japanese lenders.

ANZ launched a new sub-branch in Nagoya to provide more convenient wealth management services to  Japan’s major metropolitan centres.

The correction related to Nomura Securities Co Ltd's Capital Adequacy Ratio does not affect the firm's consolidated financial position.

In line with its dividend policy for the fiscal year ended 31 March 2010, Nomura will pay a dividend of 4 yen per share to shareholders of record as of the above date.

Mitsubishi UFJ Financial Group and Morgan Stanley are expected to commence joint venture operations on 1 May 2010.

Capital IQ is expanding its team in Tokyo to offer better support to its Japanese institutional investment customers, along with the opening of its Singapore office.

Toshiyuki Tomita has been appointed as Managing Director and Head of Société Générale Tokyo Branch’s Flow FX Sales team.