Hong Kong’s Value Partners Group has signed a pact with Japan’s Daiwa Asset Management Co Ltd and Daiwa Securities Group Inc to enhance their existing partnership and grow their business.
The aim is to “deepen the strategic collaboration among the three companies, driving future business growth through cross-selling services, joint product development, market insight sharing, and collaborative marketing support”, according to Value Partners.
“The partnership is poised to achieve substantial growth and deliver enhanced product and service offerings to clients,” the Hong Kong asset management firm says in a statement on November 7.
According to Cheah Cheng Hye, the company’s co-chairman and co-chief investment officer, the pact “underscores the strength of our longstanding partnership” and opens up “exciting new opportunities and allows Value Partners to further penetrate the distribution network in Japan”.
As of June 2024, Tokyo-based Daiwa Asset Management had US$170 billion of assets under management, and Value Partners had $5.4 billion of total assets.
