Impax Asset Management Gets Green Finance Subsidy to Open Tokyo Office

Impax Asset Management (Impax), the specialist asset manager investing in the transition to a more sustainable global economy, announced that it is opening a new office in Tokyo.

The announcement follows Impax’s selection by the Tokyo Metropolitan Government 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 recognises our work in understanding how finance can help to mitigate climate change.”

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