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Expanded Companies

The following companies have expanded their Japan operations to service this increase in securities trading activity:

The Bank of New York Company, Inc. – New York, NY
•  Business: Securities servicing, treasury management and investment management
•  March 2006 – Established The Bank of New York Securities Company Japan Ltd., a wholly owned subsidiary created to expand the Bank's capabilities in servicing the growth of securities activity in Japan.
•  "We have been servicing clients in Japan for more than three decades, and this new subsidiary will improve our ability to meet the growing and sophisticated securities servicing needs of institutional investors across Japan." -- Kenneth A. Lopian, then executive vice president and head of the Bank's Asia-Pacific division (Bank of New York press release)

Merrill Lynch – New York, NY
•  Business:  Financial management and advisory
•  September 2005 – Merrill Lynch & Co., Inc. and Merrill Lynch Japan Securities established a private banking and wealth management joint venture with Mitsubishi Tokyo Financial Group, the Bank of Tokyo-Mitsubishi, and Mitsubishi Securities Co., Ltd. to operate as a securities company and begin business in May.
•  "…This unique alliance underscores our confidence in the Japanese market and enables us to substantially expand our wealth management business in line with rapidly increasing demand."  -- Robert J. McCann, vice chairman and president of Merrill Lynch's Global Private Client Group (Merrill Lynch press release)

Ivy Asset Management – Jericho, NY
•  Business:  Investment management
•  January 2005 – Opened Tokyo office
•  "…The office will be the primary focal point for out client servicing, marketing and investment efforts in Asia and give us the opportunity to offer our fund of hedge fund services to investors across the region.  We are optimistic about our industry's growth prospects in Japan and across Asia and our new office positions us well to participate in that growth." — Larry Simon, then president and CEO (Ivy press release)

CapitalBridge Inc. – Hoboken, NJ
•  Business:  Shareholder database services
•  March 2006 – Concluded contract with large machinery maker in Japan
•  April 2006 – Began selling a database of overseas institutional investors to Japanese companies
Services enable companies to know actual holders of their shares, knowledge that becomes increasingly useful as information on investors changes constantly with the growth of hedge funds (Nikkei Weekly)