DWS announced that it has extended its strategic alliance with Nippon Life for a further five years from March 11 onwards.
DWS and Nippon Life struck up the alliance in 2018, which has seen increased investments made by Nippon Life into DWS product solutions, joint product distribution through the establishment of a mutual network and new business collaboration with Nippon Life’s group affiliates.
“Signing our strategic alliance agreement in 2018 was driven by the conviction that we will form a fruitful partnership to the benefit of our clients and stakeholders. The last five years are a testament to the strengths and merits of this partnership,” said Stefan Hoops, CEO of DWS.
“We are therefore proud to be able to extend this strategic alliance for another five years, increase our collaboration and aim to create even greater value for both companies.”
As part of the strategic alliance, DWS and Nippon Life agreed to continue to work on expanding distribution reach, product innovation and research acuity.
This includes identifying funds which each company and its affiliates will seek to distribute in their respective distribution channels, introducing more DWS’ exchange-traded fund options for Japanese investors, closer collaboration between DWS and Nippon Life in the areas of insurance advisory and solutions for the latter’s subsidiaries, as well as third-party clients, and integrating the best of each other’s research capability to supplement knowledge gaps and cultivate research talent at both companies.
“We believe the continuing strategic alliance will allow us to work on initiatives which over time will germinate and bear fruits. By complementing each other’s strengths and working on areas such as greater investments, distribution, knowledge transfer and outside-of-Japan collaboration, this agreement will position both companies well in order to expand its asset management business globally,” said Minoru Kimura, managing executive officer of Nippon Life Insurance Company.
