For immediate release
28th January 2008
Jupiter announces strategic alliance with Taishin Financial Holdings
Jupiter Asset Management is delighted to announce a strategic alliance with Taishin Financial Holdings, Taiwan's second largest financial holding company*.
The agreement represents the first international partnership Taishin has signed under Taiwan's 'Master Agent' regulatory framework. Under the agreement, five of Jupiter's unit trusts** - including Jupiter Ecology, Jupiter Emerging European Opportunities and Jupiter Global Managed - will be sold in Taiwan through Taishin FHC's 101-strong bank branch network.
Edward Bonham Carter, chief executive of Jupiter, said: "In addition to promoting our international fund range across selected global markets, Jupiter has been looking to build strategic alliances with key partners. Taiwan is one of Asia's largest and most sophisticated financial markets and as the country's second largest financial holding company, Taishin has significant distribution capabilities. We are delighted to have formed this alliance."
Kevin Scott, executive director, international at Jupiter Asset Management, added: "I have formed a close working relationship with Taishin over a number of years and look forward to working with them to build a powerful distribution base for Jupiter in Taiwan."
Dr Keh Hsiao Lin, President at Taishin Financial Holdings, said: "Jupiter has built an enviable long term performance track record and we believe the funds we have selected from its range will prove very popular with our customers. We are delighted to have formed our first international partnership with such a well-respected company."
-ENDS-
Notes to Editors:
* Taishin Financial Holdings was established on February 18, 2002 upon the completion of the merger between Dah An Commercial Bank and Taishin International Bank. The merger marked the very first voluntary bank merger in Taiwan's history. In the same year, Taishin Bills Finance and Taiwan Securities came under the umbrella of Taishin Financial Holdings. Taishin is now comprised of Bank, Securities, Bills Finance, Asset Management, Marketing Consultant, and Venture Capital as subsidiaries. In 2005, Taishin acquired 22.5% of Chang Hwa Commercial Bank. Taishin now ranks 2nd among financial holding companies in terms of asset size in Taiwan. For more details, please check:
http://www.taishinholdings.com.tw/english/intro/intro_01.jsp
** Five of Jupiter's unit trusts have been approved for sale in Taiwan by the Securities and Futures Commission (SFC):
1. Jupiter Ecology
2. Jupiter Global Managed
3. Jupiter Emerging European Opportunities
4. Jupiter Financial Opportunities
5. Jupiter European Special Situations
Jupiter Unit Trust Managers Limited (JUTM) and Jupiter Asset Management Limited (JAM) are both authorised and regulated by the Financial Services Authority and their registered address is 1 Grosvenor Place London SW1X 7JJ. The group is collectively known as "Jupiter". Past Performance should not be seen as a guide to future returns, the value of an investment and the income from it can fall as well as rise and may be affected by exchange rate variations. JAM acts as investment adviser to the Jupiter range of unit trusts which are managed by JUTM.