Read March 30, 2011 text version

The following is an English version of the official Japanese announcement, which has been given to the JASDAQ and the media in Tokyo, Japan.

March 30, 2011 Company: SPARX Group Co., Ltd (JASDAQ Code: 8739)

SPARX Strengthens Asia Focus As It Establishes A Group Executive Board And Appoints Group COO To Be Based In Hong Kong Tokyo (March 30, 2011) ­ SPARX Group Co., Ltd. (the "Group"), Asia's leading independent investment group, has announced that it will establish a Group Executive Board, with effect from 1 April 2011, to enhance closer collaboration amongst its operating companies in Tokyo, Hong Kong, and Seoul. The Group was founded in Tokyo in 1989, and through

acquisition of its 70.1% owned Korean subsidiary, Cosmo Investment Management Co., Ltd. ("Cosmo"), and its wholly owned Hong Kong subsidiary, PMA Investment Advisors Limited ("PMA"), it has become one of the largest alternative investment managers in the region. The newly created Group Executive Board will be comprised of the following senior leaders within the Group:

Shuhei Abe, Group Chief Executive Officer Takahisa Matsuura, Group Board Member and Vice Chairman, PMA Mikio Fujii, Group Chief Financial Officer Masaki Taniguchi, Group Chief Operating Officer Masatoshi Fukami, Director, SPARX Asset Management Co., Ltd. Kam Bahra, Chief Executive Officer, PMA Hahn Sull, Chief Executive Officer, Cosmo Toshifumi Shimanaka, Co-Chief Executive Officer, Cosmo

"The role of the newly created Group Executive Board is to manage the three separate entities as one company," said Shuhei Abe, Group CEO and founder of the Group. "While

maintaining the unique strengths of each subsidiary is extremely important, there are many areas where we can create synergies and efficiencies in working together as one. For

example, we have a total of 53 investment professionals located in Tokyo, Hong Kong, and Seoul. Combining these resources, we have capabilities to manage pan-Asian mandates, The newly created Group Executive Board aims to

but we have never tried before.

accomplish a high-level of collaboration amongst the three operating companies to grow our businesses to their full potential, while keeping intact each entity's unique strengths"

The following is an English version of the official Japanese announcement, which has been given to the JASDAQ and the media in Tokyo, Japan.

The Group has also created a new executive position, Group Chief Operating Officer, to spearhead the collaboration efforts amongst the operating companies and Group-wide business development, and appointed Masaki Taniguchi, currently the President of SPARX Asset Management Co., Ltd. ("SPARX"), the Tokyo-based operating company of the Group, to the position with effect from 1 April 2011, and plans to relocate him to Hong Kong. Shuhei Abe, who will become Chairman and President of SPARX, and Mikio Fujii, who will also be appointed Executive Deputy President of SPARX, will continue to be based in Tokyo. The senior leadership positions at PMA and Cosmo will not change.

"The additional management presence in Hong Kong and focus on growth of our Asia business is absolutely necessary to execute our long-term business strategy," said Shuhei Abe. "We are pursuing our business on the premise that Asia including Japan is one

seamless economic region, unlike before when Japan and the rest of Asia were considered two, and that the growth of the global economy will be driven by the growth in Asia. We are

calling this 'One-Asia Growth', and based on this hypothesis, we will operate from two equally strategic financial centers for the region, Tokyo and Hong Kong. The additional

allocation of management resource in Hong Kong shows our strategic commitment to grow the business by building upon the strong foundations established by our colleagues in Hong Kong."

(Note: Appointments are subject to appropriate regulatory and other approvals.)

About SPARX Group: Established in 1989, SPARX Group is an independent investment company, headquartered in Tokyo with operating subsidiaries in Tokyo, Hong Kong, and Seoul. It is one of the

largest alternative investment groups in Asia with assets under management of approximately $8 billion in total. The group manages both traditional long-only strategies as well as alternative investment strategies with a focus on Asia.

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March 30, 2011

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