New York Life Investment Management Registered as a Discretionary Investment Management Business in Japan
Tokyo and New York, October 26, 2017 – New York Life Investment Management (NYLIM), the global asset management business of New York Life Insurance Company, announces that the Japan branch¹, which opened in March 2016, is now registered as a Discretionary Investment Management Business (DIMB). The registration was granted by the Director-General of the Kanto Local Finance Bureau of Japan’s Ministry of Finance as of October 13, 2017. The DIMB registration granted will enable NYLIM, through the Japan branch, to offer the broad range of its investment capabilities, supported by its multi-boutique model, to professional investors in Japan.
Naïm Abou-Jaoudé, Chairman of New York Life Investment Management International, said: “With our long-term investment approach and global investment platform, we can now deliver the depth and breadth of New York Life’s capabilities, our multi-boutique investment experience, solutions and services to our Japanese clients. This is an important milestone in the servicing of our clients' specific local needs and the development of our business in Japan.”
“Since the opening of our office in Tokyo last year, we have spent our time listening to the challenges that Japanese institutional investors are facing. We understand that Japanese investors are looking for more diversified solutions and they appreciate the experience that New York Life can bring to the market,” said Tatsuo Mizutori, Head of Office, Japan branch, New York Life Investment Management.
Name of Company: New York Life Investment Management Asia Limited Registration No.: Director-General of Kanto Finance Bureau (Financial Instrument) No. 2964
Office: The Imperial Hotel Tower 14th floor, 1-1-1 Uchisaiwaicho Chiyoda-ku, Tokyo 100-0011
Representative: Tatsuo Mizutori, Head of Office, Representative in Japan branch
Business Activities: Discretionary Investment Management/Investment Advisory and Agency Member of The Japan Investment Advisers Association, a self-regulatory organization for Discretionary Investment Management/Investment Advisory and Agency business operators in Japan
Established: January 2016
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.
New York Life Investment Management, the third party global asset management business of New York Life, manages approximately $311 billion in assets under management as of July 31, 2017. Its global business comprises its market-leading position in the United States, with a presence in Europe, Australia, Asia, the Middle East and Latin America. Through its investment boutiques, New York Life Investment Management offers a diversified range of investment solutions to its clients, including fixed income, equity, and alternative strategies. New York Life Investments ranks 26th among the world’s largest money managers****.
¹The Japan branch of New York Life Investment Management Asia Limited is part of New York Life Investment Management International, the international arm of New York Life Investment Management LLC.
*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/12/17. For methodology, please see http://fortune.com fortune500/
**Individual independent rating agency commentary as of 8/1/17.
***New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.
**** Pensions & Investments, May 29, 2017. Rankings are based on total worldwide institutional assets under management for the year-end 2016. New York Life Investments assets includes assets of affiliated investment advisors.
New York Life Insurance Company