REVENUE STRATEGY - SHINSEI BANK

1. Shinsei Bank Ltd. plans to team up with Indian billionaire Rakesh Jhunjhunwala to sell mutual funds in the world's second-fastest growing major economy starting operations early next year.
2. Joining forces with Jhunjhunwala would give Shinsei faster access to an industry where mutual fund assets almost doubled to $142 billion in the 12 months through October.
3. Shinsei will own 75 percent of the business and Jhunjhunwala will hold 15 percent, they said. The remainder will be owned by employees.
[The Tokyo-based banks are turning to other Asian markets for growth as profits plunge.]

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