Asset Management One USA Inc. (“AMO USA”) was established in July 1994 under the name Dai-ichi Life Investment Management (USA) Inc. At inception, AMO USA was wholly owned by Daichi Life Insurance, a large Japanese insurance company that has offices worldwide.  Over time, AMO USA’s ultimate ownership changed to the joint ownership by Mizuho Financial Group, Inc. (“MHFG”) and Dai-ichi Life Holdings, Inc., (“Dai-Ichi Holdings”) as the two companies expanded their collaboration in the asset management field.  

 

On January 1, 2020, AMO USA was integrated with Mizuho Alternative Investments, LLC, a quantitative specialist alternatives asset management firm owned by the Mizuho Financial Group Inc.

 

Prior to April 1, 2024, AMO USA was a wholly owned subsidiary of AMO JAPAN, of which 70% economic interests and 51% voting rights are owned by MHFG and 30% economic interests and 49% voting rights by Dai-Ichi Holdings, respectively. Effective April 1, 2024, MHFG’s indirect share of ownership of AMO USA was transferred to Mizuho Americas LLC (“MALLC”) and the remaining ownership was transferred to Dai-Ichi Holdings. MALLC is MHFG’s U.S. bank holding company, and is wholly owned by MHFG’s direct subsidiary, Mizuho Bank, Ltd.  The ownership restructure of AMO USA was a result of MHFG’s intention of designating MALLC as its U.S. intermediate holding company. AMO USA continues engaging in advisory business under the name of Asset Management One and collaborates with AMO JAPAN as agreed in three sets of collaboration agreements entered into among MALLC, AMO JAPAN, and AMO USA (collectively, the “AMO Collaboration Agreements”) to coordinate and further asset management business opportunities for the Asset Management One Group (the “AMO Group”).

 

Asset Management One Group consists of AMO USA as well as Asset Management One Co., Ltd headquartered in Tokyo and its subsidiaries including Asset Management One Alternative Investments, Asset Management One International Ltd., and Asset Management One Hong Kong Limited.