Shinsei Bank, the Tokyo-headquartered bank, has consolidated all its credit trading and private equity businesses to create a new financial entity that aims to provide more focus on these industries.

Effective 1 July 2013, Shinsei Corporate Investment, Shinsei Investment & Finance and Shinsei Servicing & Consulting will come under Shinsei Principal Investments Group. The move is in line with the bank's second medium-term management plan, which it launched in April 2013 with the goal of improving its ability to respond to customer needs while maximising potential earnings.

Shinsei Principal Investments will be wholly-owned by Shinsei Bank, responsible for business planning and operations for the entire Shinsei PI Group. It will also take care of overall administrative tasks for the Group's subsidiaries in human resources, general services, information technology systems, accounting, legal issues and business promotion assistance.

Shinsei Bank has 29 branches across Japan and records some $96 billion in consolidated assets, as of 31 March 2013.