Daiwa Securities Group Inc to re-name investment banking arm Daiwa Capital Markets
For more details, please contact:
Caroline Klein, Business Communication Manager
Daiwa Capital Markets Europe Limited
5 King William Street, London, EC4N 7AX
+44 (0)20 7597 8101
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5 November 2009
From January 1st 2010 Daiwa Securities SMBC, the investment banking arm of Daiwa Securities Group (the Group), will be known as Daiwa Capital Markets (in Japanese 大和証券キャピタル・マーケッツ株式会社). The unit will be renamed following the Group’s purchase of SMBC’s 40% minority stake in the firm on December 31st 2009. A Japanese press release is available here.
As the wholesale arm of the Group, the firm will continue to operate as an award winning investment bank that targets “sustained growth based on customer trust”. In conjunction with the retail business of the Group, the firm will leverage its strength as a full-service investment bank and its strong client base to provide the best possible services for its clients, contributing towards the development of the global capital markets.
Mr Eishu Kosuge, European Chairman & CEO commented, “This marks a significant milestone in our firm’s history. For more than a century we have been at the forefront of the Japanese securities market, and our name change signals our continued commitment to connecting clients with capital markets – something that has long been our core strength. Using our global network, and focusing particularly on the fast growing Asian region, we will continue to strengthen our intermediary role between clients and markets.”
Note to editors:
Daiwa Capital Markets Europe Limited is a wholly owned subsidiary of Daiwa Securities Capital Markets Co Ltd, the investment banking arm of Daiwa Securities Group.
Daiwa Capital Markets Europe Limited offers a wide range of services from its main business areas:
• Equity
• Fixed Income
• Derivatives
• Debt & Equity Capital Markets
Corporate Finance and M&A advisory services are provided in Europe by our subsidiary, Close Brothers Corporate Finance