UK-based asset manager, Affirmative Investment Management, has become the first overseas firm to register in Japan through the newly established Financial Market Entry office.
The body was set up by the Financial Services Agency in January and allows for the registration process, from application consultation to post-registration supervision, to be conducted in English.
It is designed to encourage more overseas firms to set up in Japan as it looks to develop its international ambitions.
“In order to expand Japan’s role as an international financial centre, the Japanese government is committed to making its capital markets more attractive with strategic initiatives and to creating an environment that attracts foreign businesses and highly-skilled foreign professionals,” stated the regulator.
Affirmative Investment Management Japan will be based in Tokyo and will look to build links with Japanese asset managers. The move follows a capital tie-up with Sumitomo Mitsui Financial Group in July last year that saw the Japanese group invest US$25 million in the fixed income manager.
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