Shinsei Bank Ltd. and Asuka Corporate Advisory Co. Ltd. entered into a capital and business alliance, with the lender subscribing to a third-party allocation of the latter's shares.

The Japanese bank will also invest in private investment trust Asuka Value Up Unit Trust, which receives investment advice from Asuka Corporate Advisory and is operated by Asuka Asset Management Co. Ltd.

Through the alliance, Shinsei Bank will introduce "corporate value increase" know-how to its institutional customers, while both parties will integrate the bank's traditional financial services and Asuka Corporate Advisory's know-how in the area of increasing corporate value.

The two parties will also consider jointly developing investment products and methods.