Singapore plays a key role in driving DIAM’s growth
President & CEO,
DIAM Co., Ltd.
Established in 1999 as a joint venture between Mizuho Financial Group and Dai-ichi Life Insurance Co. Ltd., DIAM has become one of the largest asset management companies in Japan. The company has assets under management of 124 billion USD (as of March 31, 2013) and has developed a wealth of experience in the management of equities, fixed income and currency investments to pensions, institutional and retail assets in Japan and overseas.
“We are seeing increased interest from Japanese and regional institutional investors in the growth markets throughout the ASEAN region”, says Norio Nakajima, President and Chief Executive Officer of DIAM Co. Ltd. “As a dynamic regional business hub, Singapore is playing an important role as we expand our business in the ASEAN region”.
The company’s Singaporean subsidiary, DIAM SINGAPORE PTE. LTD. was established in 2008 to provide sub-advisory services to DIAM’s group companies in connection with certain funds and segregated mandates which are comprised of investments in Asian stocks. DIAM SINGAPORE also expands its business by delivering services to Japanese and European investors interested in the burgeoning ASEAN markets.
“The growth being seen in the ASEAN markets is a key focus for the company, we are monitoring developments very closely in line with our global growth strategy. We intend to strengthen our business performance by investing in the region and introducing our tailor-made investment products to institutional investors as well as sovereign wealth funds (SWF),” says Nakajima. “While focusing on managing the assets of institutional investors, there are a growing number of high net-worth investors in the region and we would like to expand our business to retail investors in the near future.” With a commitment towards increasing their brand recognition in ASEAN, the company is focusing on leveraging their expertise in order to deepen the relationship with clients in the region since the Japanese economy is showing signs of recovery.
“Japan is emerging from a period of long-term deflation and as the economy continues to be strengthened by the effects of ‘Abenomics’, we expect cash flow to start entering the Japanese investment market,” says Nakajima. “Our prediction is that the Japanese market will remain robust for the rest of 2013. We will focus on introducing our Japan Equity and other Japan related products to our prospective clients”.
As the company continues to develop its business in the growth markets of the region, Nakajima provides his thoughts on strengthening of the ASEAN – Japan relationship.
“The consolidation of ASEAN countries’ economic and infrastructure systems will drive Japanese economic growth and simultaneously, Japan must engage more with ASEAN financial and capital markets. We understand the wealth of opportunities within the ASEAN region and we intend to make greater inroads into both the public and private sector markets. Through our commitment to the region, DIAM aims to contribute to the future of the ASEAN – Japan relationship,” says Nakajima.