Citi Asset Management broadens Japan distribution

By the end of this year, Citigroup Asset Management aims to distribute its retail mutual fund products through JapanÆs top money centre banks, says Patrick Kawasjee, president and CEO in Tokyo.

At present Citi is establishing relationships with the leading five securities firms. “The biggest brokers have all built up big teams for defined contribution,” Kawasjee says. “The banks have been latecomers.”

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