15 May AMP Capital: Japan Secondee Program Benefits Business
How can Australian companies build stronger relationships with Japanese business?
AMP Capital (AMPC), an AJBCC Member, is one of Australia’s largest fund managers with over A$165bn in assets under management (AUM), including over A$7bn in Japan. Japan is a very important strategic market for AMPC, with 40% of its international AUM from Japan and 2 in 5 Japanese corporate pension funds with AUM over A$100m having invested with AMPC.
In 2012, AMPC formed a strategic and capital alliance with Mitsubishi UFJ Trust and Banking (MUTB), one of Japan’s largest Trust Banks and part of the Mitsubishi UFJ Financial group. Since inception of the alliance, AMP Capital has hosted three secondees from MUTB in its Sydney office, for approximately two years at a time. The key purpose of the secondment programme is to foster business co-operation between the two organisations, including sharing insights and strengthening relationships. AMP has found that on returning to Japan, through knowledge gained whilst at AMP Capital, the secondees have a much stronger appreciation of the perspectives of each other’s business practices, and are able to help identify new business opportunities, resolve issues, and accelerate the execution of initiatives. (In addition to hosting secondees from MUTB, AMP Capital has also hosted secondees from other Japanese Asset Management companies.)
An initiative that AMPC is currently exploring for 2017 is sending secondees to its Japan based clients.