#Japan #Wealth Management #Sapporo #Money Forward #Hokkaido Bank

Money Forward Private Bank Partners with Hokkaido Bank

Money Forward Private Bank, a company specializing in wealth management services, has announced a strategic partnership with Hokkaido Bank, a prominent financial institution in Sapporo, Japan. This collaboration aims to expand the range of personalized financial and non-financial services available to ultra-high-net-worth individuals (UHNWIs), who possess assets exceeding 10 billion yen (approximately 10 million USD).

Background of the Partnership

Hokkaido Bank has set out aggressive strategies in its 6th Medium-Term Management Plan, known as "NEXT STAGE," emphasizing the integration of financial and non-financial services to effectively address various challenges faced by customers. Their focus includes not only asset management and formation but also social contributions, health, and education, striving to provide customers with more extensive choices and convenience.

In alignment with these goals, Money Forward Private Bank aims to deliver tailored solutions for clients, assisting with efficient asset management and a wide range of non-financial services. The shared vision of both companies—a commitment to offering comprehensive services that bridge financial and non-financial needs for ultra-high-net-worth clients—has led to this significant partnership.

Synergies Created by the Contract

The collaboration promises to unlock several synergies. Hokkaido Bank will gain opportunities to expand its offerings of financial products for UHNWIs, utilizing Money Forward's asset management platform and family office services as valuable solutions for their clients. Furthermore, the partnership intends to facilitate the sharing of crucial know-how necessary for business expansion and the integration of talented personnel into the respective organizations.

In addition, Money Forward will have the capability to refer clients to Hokkaido Bank, allowing for personalized support tailored to the specific needs of ultra-high-net-worth clients with total assets of over 1 billion yen (approximately 10 million USD).

Overview of Hokkaido Bank

• - Name: Hokkaido Bank Ltd.
• - Location: 2 Chome-5 Odori Nishi, Chuo Ward, Sapporo, Hokkaido
• - Representative: Yuji Kanma, President & CEO
• - Established: March 5, 1951
• - Website: Hokkaido Bank

Overview of Money Forward Private Bank

• - Name: Money Forward Private Bank Ltd.
• - Location: 4F Midtown East, 9-7-2 Akasaka, Minato Ward, Tokyo
• - Representatives: Takayuki Sato, President, and Yosuke Tsuji, Vice President
• - Established: February 26, 2024
• - Business Activities: Development and operation of asset management platforms and provision of family office services
• - Website: Money Forward Private Bank

This partnership marks a significant step towards improving the wealth management landscape for ultra-high-net-worth individuals in Japan, with both institutions dedicated to enhancing customer experiences through an integrated approach. For inquiries regarding this collaboration, please fill out the dedicated form available on their respective websites.