State Street Investment Management today announced it has signed a non-binding memorandum of understanding with SBI Holdings, Inc (“SBI Group”) to establish a joint venture designed to broaden access to index investment solutions for investors in Japan.
Through the joint venture to be established, State Street Investment Management and the SBI Group will be dedicated to collaborating strategically to develop next-generation wealth management investment solutions. This partnership will combine State Street Investment Management’s global leadership in index investment with the SBI Group’s strong domestic distribution capabilities in Japan.
“Partnership and innovation are at the heart of our ethos,” said Yie-Hsin Hung, chief executive officer of State Street Investment Management. “SBI is a leading internet‑based financial services group in Japan, and through its growing digital wealth platform, this partnership broadens access to our investment capabilities. The collaboration reflects our shared goal of delivering cost‑effective investment solutions as Japan’s investment landscape evolves, reinforcing our long‑term commitment to institutional, intermediary and retail investors.”
Japan is a strategically important market for State Street Investment Management, where the firm has operated for more than 25 years. The joint venture with the SBI Group reflects a shared long-term commitment to supporting Japanese investors as the market continues its structural shift from savings to investment.
State Street Investment Management manages US$5.6 trillion*, with the majority invested in indexed assets and backed by more than four decades of index investing experience.
