Investment Banking and Securities Trading Services

SBI Holdings, Inc.

SBI Holdings Establishes Joint Venture with AllianceBernstein for Active ETF Management

8473

<p>Nov 21 (Reuters) - SBI Holdings Inc (8473.T) :* SBI HOLDINGS INC - NOTICE REGARDING MEMORANDUM OF UNDERSTANDING WITH ALLIANCEBERNSTEIN L.P., ONE OF WORLD'S LEADING ACTIVE INVESTMENT MANAGEMENT COMPANIES* JAPAN'S SBI HOLDINGS: TO ESTABLISH JV SPECIALIZED IN ACTIVE ETF MANAGEMENT WITH ALLIANCEBERNSTEIN; OWNERSHIP RATIO IS SBI 51%, AB GROUP 49% Source text: Further company coverage: (8473.T)</p>

Japan's SBI Holdings: To Establish JV Specialized In Active ETF Management With AllianceBernstein; Ownership Ratio Is SBI 51%, AB Group 49%