Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Fintech»LY Corporation shuts down PayPay Asset Management | by Norbert Gehrke | Tokyo FinTech | Oct, 2024
    Fintech

    LY Corporation shuts down PayPay Asset Management | by Norbert Gehrke | Tokyo FinTech | Oct, 2024

    October 12, 20242 Mins Read


    Norbert Gehrke

    Tokyo FinTech

    Z Financial Corporation (ZF), Asset Management One (AM-One), and PayPay Asset Management (PPAM) have announced that PPAM plans to terminate its business operations by the end of September 2025.

    1. Background and Reasons

    PPAM has been providing investment trusts primarily for individual investors and investment products for institutional investors. However, the company’s assets under management have not grown as planned, and its business performance has been sluggish. ZF and AM-One have made every effort to help PPAM recover its business performance; however, in light of PPAM’s future business outlook, they have determined that it would be difficult to continue providing the best asset management services to their clients and have agreed to terminate PPAM’s business operations.

    2. Future Plans

    Regarding the public investment trusts managed by PPAM, the company will proceed with the necessary procedures such as changing the management company or early redemption. The current policy is as shown in the table below.

    PPAM will continue to manage the investment trusts with fiduciary responsibility until the relevant procedures are completed. In addition, the assets of the investment trusts are managed separately by trust banks in accordance with the law (Trust Act (Act №108 of 2006)), so there will be no impact on the assets of the investment trusts due to the termination of the business.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    MTN Uganda shareholders approve Fintech separation to boost digital inclusion

    Fintech

    As profits soar, PB Fintech takes a second bite at mutual funds

    Fintech

    Report – Fintech adds billions to North of England economy and it’s growing

    Fintech

    5 high-ROI uses of RAG models in banking and fintech: By John Adam

    Fintech

    Ethics in focus as banks confront AI, fintech gap

    Fintech

    Top five fintech deals in Africa in H1

    Fintech
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Andhra Pradesh Chief Minister Chandrababu Naidu calls for digital currency push, favours withdrawal of ₹500 currency notes 

    Commodities

    Agriculture losses from fires still being collected by state agencies

    Cryptocurrency

    New Cryptocurrency Releases, Listings, & Presales Today – Astra Labs, Databot, TRUST AI

    Editors Picks

    Spotlight lance une nouvelle liste pour les entreprises très performantes

    May 20, 2025

    Copper embauche Tammy Weinrib au poste de directrice de la conformité pour les Amériques dans le cadre de son expansion aux États-Unis.

    March 3, 2025

    Hideo Kojima a une très bonne nouvelle pour les fans

    May 19, 2025

    la revue Métal Hurlant mise à l’honneur par la Cité internationale de la bande-dessinée

    March 25, 2025
    What's Hot

    BC woman loses $15K in cryptocurrency scam, threatened with violence

    February 26, 2025

    China’s Top Utility Completes World’s Biggest Pumped Hydro Plant

    August 13, 2024

    Pennylane lève 75 millions d’euros pour devenir un acteur clé de la facturation électronique – Fintech & Neobanques > Start-up

    April 7, 2025
    Our Picks

    Ace Green conclut un accord d’approvisionnement alors que le groupe de recyclage de batteries envisage une fusion SPAC

    April 30, 2025

    Getting Started in the Agricultural, Forestry and Mining Sectors – United Nations Environment – Finance Initiative

    October 21, 2024

    black metal panels form A-frame roof atop 1028arq’s casa s in ecuador

    July 20, 2024
    Weekly Top

    I have a £900,000 pension pot, how much income will I be able to get in retirement?

    August 1, 2025

    Ozzy Osbourne obituary: heavy metal wildman and lovable reality TV dad

    August 1, 2025

    £81 million in property sales in May and June

    August 1, 2025
    Editor's Pick

    BlockDAG X1, CryptoTab, Pi Network & More

    August 18, 2024

    Scottish house price growth outstrips rest of UK

    October 23, 2024

    Bitcoin soars, altcoins fade in US$300bil cryptocurrency shakeout

    June 30, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.