Legal & General Investment Management (LGIM) has signed an agreement with Japan-based Meiji Yasuda Life Insurance Company and its subsidiary, Meiji Yasuda Asset Management to expand its services to Japanese public and corporate pension funds.
As part of the co-operation agreement, LGIM will offer global fixed income investment management services to create products primarily products primarily for public and corporate pension funds in Japan.
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Through this deal, Meiji Yasuda hopes to strengthen its ability to develop new products, especially in managing bonds.
Established in 2012, Legal & General Investment Management Asia provides investment services and solutions to sovereign wealth funds, pension funds and insurance companies across the region.
LGIM CEO Mark Zinkula said: "I am delighted to form this alliance with Meiji Yasuda. We look forward to providing Meiji Yasuda’s clients with access to our high quality range of fixed income products and services".
Meiji Yasuda Life Insurance senior managing executive officer Toshihiko Yamashita said: "We are pleased to enter into this business alliance with LGIM, one of the leading asset managers in the world, especially in global fixed income.
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By GlobalData"We aim to grow the asset management business of both groups by actively marketing LGIM’s excellent products and services in the Japanese market through Meiji Yasuda Asset Management."
