Monex takes over all shares of Monex-Saison-Vanguard Investment Partners

Maria Nikolova

After the share transfer, Monex-Saison-Vanguard Investment Partners will become a wholly owned subsidiary of Monex Group.

Online trading services provider Monex Group, Inc. (TYO:8698) is acquiring the entire share capital of Monex-Saison-Vanguard Investment Partners Inc.

Monex Group has just announced that it has concluded a share transfer agreement with Credit Saison Co., Ltd. Under the agreement, Monex will take over all the shares of Monex-Saison-Vanguard Investment Partners owned by Credit Saison. In addition, Monex will take over all the shares of Monex-Saison-Vanguard Investment Partners owned by Raisonnable, Inc., a wholly owned subsidiary of The Vanguard Group, Inc. Following the share transfer, Monex-Saison-Vanguard Investment Partners will become a wholly owned subsidiary of Monex.

Upon completing the acquisition of all shares, Monex-Saison-Vanguard Investment Partners will change its company name to Monex Asset Management, Inc. The name change is effective April 1, 2020.

Elaborating on the rationale for the deal, Monex Group explains that it is working toward transitioning from a brokerage-model to an asset-management model where it aims to increase the customers’ assets. By developing Monex-Saison-Vanguard Investment Partners as one of its core operations behind this transition and reinforcing the ability to support its customers with their asset management and asset creation needs, the company aims to further enhance its corporate value.

Since its establishment in 2015, Monex-Saison-Vanguard Investment Partners has been developing, providing and managing MSV LIFE and MSV COMPASS+, discretionary investment services that enable customers to experience Vanguard’s investment philosophy. While the names of these services will be changed to coincide with the change in company name, Monex will continue to provide these services under the same concept and policies.

Monex Group will maintain its strong relationship with Credit Saison and Vanguard in an effort to contribute to the asset management and asset creation needs of a wide range of customers.

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