Monex Partners with Shinsei Bank to Launch Financial Instruments Intermediary Services

Monex, Inc., Shinsei Bank, Limited, and Shinsei Securities Co., Ltd. launched a comprehensive business partnership in the financial instruments intermediary business that was announced on January 27, 2021.

Shinsei Bank and Shinsei Securities transferred the rights and obligations related to Shinsei Bank's investment trust accounts and Shinsei Securities' bond safekeeping accounts of individual customers mainly involved in the financial instruments intermediary business with Shinsei Bank to Monex on January 4, 2022 through a company split.

Under the new structure, after the transfer, Shinsei Bank will continue to solicit, sell, and follow up on investment trusts, bonds, and other financial instruments to existing customers and new customers of the Bank, under consignment of financial instruments intermediary business entrusted by Monex. In addition, Shinsei Securities mainly acts as an intermediary for Monex to provide bond services. Monex is to execute transactions with customers and manage their accounts.

Through the partnership, customers of Shinsei Bank can access Monex's broad product lineup. The list of products includes equities, such as US stocks, as well as investment trust-related services.

Customers of Shinsei Bank can select from over 1,200 funds as Shinsei Bank has added funds handled by Monex in its product lineup. The investment trust accumulation investment service allows customers daily accumulation investment in addition to monthly accumulation investment.