Bendigo Partners has invested in Akatsuki Financial Group. Financial terms weren’t disclosed. Akatsuki, of Japan, is a mid-sized financial services firm, specializing in retail brokerage and asset management. Bendigo, of New York, invests in technology-driven financial services.
Bendigo Partners, LLC (www.bendigopartners.com) today announced a strategic investment in Akatsuki Financial Group Inc. (ticker 8737, Osaka Stock Exchange). Akatsuki is a Japan based mid-sized financial services firm, specializing in retail brokerage and asset management, with origins dating back over 130 years.
Bendigo is investing alongside Monex Group (ticker 8698, Tokyo Stock Exchange), a leading online financial services provider and Aeria Inc (ticker 3758, JASDAQ), a content and game developer and provider.
“The retail financial services industry in Japan is very fragmented and Bendigo and Akatsuki see opportunities for consolidation and the introduction of new strategies and products,” said Dominic Henderson, Bendigo’s lead partner in Japan and former Branch Manager of Macquarie Securities Japan Ltd.
Hideto Kudo, Akatsuki Representative Director and President, said, “Bendigo brings extensive experience in global financial services which will assist Akatsuki in broadening its product line-up and developing its overseas business.”
“We know Akatsuki well, as Bendigo and Akatsuki senior executives previously worked together building E*TRADE both in the US and Japan,” commented Jarrett Lilien, Bendigo Managing Partner and former President and COO of E*TRADE Financial. “This gives us confidence in Akatsuki’s ability to execute on its vision.”
About Bendigo Partners Bendigo Partners (www.bendigopartners.com), a private investment firm, focuses on opportunities in global, technology-driven financial services. It supports product expansion, global expansion, acquisition, or technology and operational enhancements with both capital and expertise. The company participates in all stages of investing and brings operational expertise to technology, operations, marketing, sales, service, compliance, audit and finance functional areas.
The Bendigo team is comprised of highly experienced financial services executives who have built and run businesses all over the world. Partners based in the United States, the United Kingdom, Hong Kong, and Japan provide hands-on management expertise to financial services companies, primarily brokers, banks, and private equity firms.