<i id="3fl7v"><thead id="3fl7v"></thead></i>

        <big id="3fl7v"></big>
          <big id="3fl7v"></big>
          <big id="3fl7v"></big>

            <big id="3fl7v"><address id="3fl7v"><thead id="3fl7v"></thead></address></big>

                      | HITACHI HOME | UP | SEARCH | HITACHI

                      News Release ^
                      ^
                      ^
                      ^

                      July 14, 1999

                      Hitachi establishes investment management company

                      -Will promote efficient management of Hitachi and Hitachi Group pension funds -

                      Hitachi, Ltd.(TSE:6501)today announced will set up a Wholly-owned investment 
                      management company in August, named Hitachi Investment Management, Ltd., to 
                      manage the pension fund assets of Hitachi and the companies of the Hitachi Group. 
                      Hitachi has been aggressively tackling the pension issue, which it views as one of 
                      management's most important challenges. The progress of  Japan's version of the "Big 
                      Bang" has resulted in an easing of approval requirements for investment management 
                      firms,  leading to Hitachi's decision to establish an investment management company 
                      to achieve greater efficiency in the running of the Hitachi and Hitachi Group pension 
                      fund.
                      
                      The major U.S. corporations, such as General Electric Company and General Motors 
                      Corporation are using specialized subsidiaries to run their corporate pension funds more 
                      efficiently. As a management subsidiary of Hitachi, Ltd., Hitachi Investment 
                      Management will focus on bringing a user perspective to its management of the pension 
                      fund.
                      
                      For the new company,  fund  manager, actuaries and other such financial specialists 
                      will be recruited from inside and outside the Hitachi Group.
                      
                      Outline of new company
                      Company name		Hitachi Investment Management, Ltd.
                      Location		Provisionary, Chiyoda Ward in Tokyo
                      Capital			300milion yen (put up by Hitachi, Ltd.)
                      Date of establishment   August 1999
                      Business		Investment management
                      President		Hiroshi Maruta (currently deputy general manager of Hitachi's 
                                              Finance Dept.)
                      Number of employees	11 at startup (planned)
                      


                      WRITTEN BY Secretary's Office
                      All Rights Reserved, Copyright (C) 1999, Hitachi, Ltd.

                          <i id="3fl7v"><thead id="3fl7v"></thead></i>

                            <big id="3fl7v"></big>
                              <big id="3fl7v"></big>
                              <big id="3fl7v"></big>

                                <big id="3fl7v"><address id="3fl7v"><thead id="3fl7v"></thead></address></big>

                                          ΢ּ