Posted inBusiness moves

Japan’s Asset Management One shutters Singapore operations

The Japanese asset manager said that it remains committed to expanding its global operations, despite the pullback.
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Japan’s Asset Management One has closed its Singapore operations, it said in a statement.

The asset manager manager, which is 70% owned by Mizuho Financial Group and 30% owned by Dai-ichi Life Holdings, has operated in Singapore since 2008. Its local unit had ¥1.9bn ($12m) in capital.

“AM-One reiterates that there will be no change to the importance of the Asian region in its business strategies or to its policies. AM-One remains committed to expanding its global operations and will continue to offer consistent and stable asset management services to its customers globally, leveraging the collective strengths of the AM-One Group,” it said in a statement.

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