As debate over Western-style OCIO models intensifies in Tokyo, foreign asset managers risk misreading who actually controls allocation decisions across Japan’s pension, endowment and private wealth markets.
The strategic business alliance announced between Mitsubishi UFJ Trust and Banking and Australia’s AMP Capital Investors highlights the barriers to reaching Japanese investors.
Merging the asset-management businesses in Hong Kong and London will precede the combination of Sumitomo Trust & Banking and Chuo Mitsui Trust into Asia’s biggest asset manager.