Monex Expands In U.S. With 20% Share In Westfield

Japan’s Monex Group has bought a 20% share in Westfield Capital Management, a company based in Boston. According to the Japanese firm, this move will help it grow stronger in the US asset management area.

The deal fits perfectly with Monex’s long-term plan to spread out its business and grow its footprints in one of the world’s busiest stock markets.

The Transaction Makes Westfield An Equity-Method Partner Of Monex

With this $103 million deal, Westfield Capital is now an equity-method partner, reported to bring more than $24 billion in handled assets, with a focus on stock investing.

Yuko Seimei, the Chief Executive Officer of Monex Group noted that this deal marks a big step in the firm’s work to grow in areas with great potentials.

she added that the team believes Westfield’s steady results in the U.S. stock market, along with its careful way of investing, matches well with the company’s existing capabilities. It also gives Monex chances to offer great strategies to its clients in Japan.

Westfield, which was founded in 1989, earned more than $100 million in 2024. The firm has over 60 team members who each bring over 20 years of experience.

For Westfield, this agreement gives a chance to reach more people in Asia. William A. Muggia, the Chief Executive Officer of Westfield said the firm, which has grown on its own in the US for the past 20 years, now sees a strong chance to bring its methods to Japan.

Muggia stated that thinking about the next 2 decades, the company is excited to use its setup to grow in Asia along with Monex Group.

The deal was done using a special Monex company based in the US, with the help of some outside loans. The company said this setup should help use its capital more wisely and support a stronger return on investment over time.

Monex Will Use Its Connection With NTT DOCOMO To Share Westfield’s Ideas

Westfield’s leaders and way of investing will not change after this deal, so current clients and workers will see the same team and style as before.

Monex plans to use its local partners in Japan—especially its link with NTT DOCOMO—to share Westfield’s ideas more widely.

Earlier this year, Monex Group shared that it lost ¥9.9 billion ($67 million) in the third quarter. This was mainly due to one-time costs tied to its crypto arm Coincheck’s stock market listing in the US, even though its main businesses stayed strong.

The company had ¥17.1 billion in one-off costs linked to Coincheck Group N.V.’s December listing. These included ¥13.7 billion in share-related payments and ¥3.4 billion in other fees. Without these costs, the company’s day-to-day business stayed strong, helped by busy crypto trading and steady earnings from its brokerage.

Coincheck’s trade numbers jumped to ¥245.6 billion for the quarter, showing strong action in the crypto market. Monex’s US section stayed solid, with a ¥1.5 billion profit for the quarter, and its Japanese business got a boost from its partnership with NTT DOCOMO.