AEON Bank and Monex Conclude Final Agreement for Business Partnership

AEON Bank, Ltd. and Monex, Inc. announce that they have concluded a Final Agreement for the comprehensive business partnership in the financial instruments intermediary business on December 27, 2022.

The Partnership is subject to obtaining the approval of relevant governmental bodies. Services under the new structure is planned to start in January 2024.

Monex and AEON Bank have agreed on the Partnership in order to provide high-quality asset management services to AEON Bank's customers using their respective strengths; AEON Bank's customer base, brand power and nationwide branch network, and leveraging Monex's and Monex group companies' capability to develop new products and diverse product lineup with.

The Partnership will also bolster AEON Bank's product and service lineup, such as mutual funds, which will significantly increase from approximately 300 to 1,200 issues, thereby better enabling it to expand its product offerings. By having Monex handle system management and back-office operations related to the asset management business, AEON Bank will be able to shift its management resources to improve and enhance the quality of its services for greater customer satisfaction.

Going forward, the Partnership will jointly plan and study new products and services that allow customers to start asset management just as easily as daily shopping, such as starting a service that enables customers to accumulate mutual funds from small amounts by credit card "AEON Card" issued by AEON Bank. In addition, Monex and AEON Bank will accelerate its discussions with a view to providing a service that allows customers to invest in mutual funds by using points accumulated through daily purchases and more.

Monex and AEON Bank will continuously study the potential opportunities of the Partnership such as joint marketing strategies to further support customers' asset building that enrich their lives.