- Ashmore Group
- 31 March 2026 08:32:13
Source: Sharecast
Under the terms of the partnership, Japan Post Insurance will buy a stake of up to 2.9% in Ashmore through open-market purchases.
Ashmore will be Japan Post Insurance's strategic partner in emerging market asset classes, providing investment strategies that meet JPI's investment and risk objectives, with the potential for longer-term collaboration and additional capital allocations over time.
Ashmore said the new partnership reinforces its commitment to Japan, a key market in which it has operated since 2010.
Chief executive Mark Coombs said: "I am delighted to be deepening Ashmore's relationship with Japan Post Insurance, one of Japan's leading insurance institutions. This new strategic partnership reflects the strength of our relationship, Japan Post Insurance's commitment to deploy additional capital in the broad range of attractive emerging market asset classes and our shared commitment to work closely and grow together."
Kunio Tanigaki, director and representative executive officer, president and CEO of Japan Post Insurance, said: "Ashmore has been a long-standing partner for JPI in emerging market asset classes and it is our pleasure to formalise an enhanced strategic relationship today. Emerging markets represents a strategically important and growing asset class for JPI and this partnership provides us with access to a broad range of market leading investment capabilities.
"We are excited about the long term value creation potential through closer collaboration and knowledge sharing with Ashmore."
At 0825 BST, Ashmore shares were up 2.3% at 202.60p.
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