To create an investment base for overseas expansion of the Asset Management Business, we established a subsidiary in Singapore in May 2007 that will make investments in this region of the world. Going forward, this subsidiary will solicit investments from overseas investors for its funds, and investments will primarily target promising privately-held companies in China, India, Vietnam, Thailand, Russia and other Asian countries, including Japan.
Realizing these targets will provide us with a highly productive asset management structure that does not rely solely on emerging markets in Japan.
By increasing and deepening relationships with overseas partners, the SBI Group will be well positioned to continue building its asset management platform on a truly global scale.