Monex Group completed the acquisition of a 20% stake in Westfield Capital Management for $103m.

Monex Group, a Japan-based financial services group, completed the acquisition of a 20% stake in Westfield Capital Management, a Boston-based boutique asset manager, for $103m. "This transaction represents a significant step in our ongoing efforts to invest in growth areas. We believe Westfield’s consistent performance in the U.S. equity markets, paired with its disciplined investment process, complements our existing capabilities and opens new doors for potentially cross-selling high-quality strategies to our Japanese client base," Yuko Seimei, Monex CEO.