London, 6 March 2023 – Impax Asset Management (“Impax”), the specialist asset manager investing in the transition to a more sustainable global economy, today announced that is opening a new office in Tokyo. The announcement follows Impax’s selection by the Tokyo Metropolitan Government’s to receive a Green Finance Subsidy Program for Tokyo Market Entry.
Impax plans to open the office in March 2023 and will hire a small number of employees. Impax will continue to collaborate with BNP Paribas Asset Management Japan, which has been its distribution partner in the country for more than 10 years.
Administered by the Tokyo Metropolitan Government, the Green Finance Subsidy Program is aimed at sustainable economic and social recovery by advancing climate change countermeasures. It provides focused and intensive support for expenses required by overseas asset managers and fintech companies involved in green finance when they start new businesses in Tokyo.
The opening of Impax’s new Japanese office follows the recent award of a significant mandate for a major government pension fund.
Ian Simm, Founder and Chief Executive, Impax, said: “We see significant potential to grow in Japan, which has a sophisticated asset owner community with a considerable interest in the investable opportunities relating to the transition to a more sustainable economy. We are delighted to have been selected for the Green Finance Subsidy Program by the Tokyo Metropolitan Government, which recognizes our work in understanding how finance can help to mitigate climate change.”
Founded in 1998, Impax is a specialist asset manager, with £40.3bn / US$49.7bn as at 31 January 2023 in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.
Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.
The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.
Impax has approximately 300 employees across its offices in the United Kingdom, the United States, Ireland and Hong Kong, making it one of the investment management sector’s largest investment teams dedicated to sustainable development.
Impax Asset Management Group plc includes Impax Asset Management Ltd, Impax Asset Management (AIFM) Ltd., Impax Asset Management Ireland Ltd, Impax Asset Management LLC, and Impax Asset Management (Hong Kong) Limited (together, “Impax”). Impax Asset Management Ltd, Impax Asset Management (AIFM) Ltd and Impax Asset Management LLC are registered as investment advisers with the U.S. Securities and Exchange Commission (“SEC”), pursuant the Investment Advisers Act of 1940 (“Advisers Act”). Registration with the SEC does not imply a certain level of skill or training.
Impax is a U.S. registered trademark of Impax Asset Management Group Plc.
UK – The Document is only being made available to and is only directed at persons in the United Kingdom who are professionals, defined as Eligible Counterparties, or Professional Clients, within the meaning of the rules of the Financial Conduct Authority.
Japan – This Document is a press release publicly announcing the opening of a new office in Tokyo and has not been prepared as an offer for, or solicitation of an offer for, any of the products or services provided by Impax.