Daiwa Securities SMBC appoints new Chairman and CEO for European operations
For more details, please contact:
Paul Lyon, Director, Head of Business Communication
Daiwa Capital Markets Europe Limited
5 King William Street, London, EC4N 7AX
+44 (0)20 7597 8109
12 November 2009
Masami Tada has been appointed Chairman and Chief Executive Officer of Daiwa Securities SMBC Europe Limited, the European arm of leading Japanese investment bank Daiwa Securities SMBC Co. Ltd.
He joins the European head office in London from Daiwa Fund Consulting, the financial consulting and investment advisory arm of the Daiwa group of companies.
Mr Tada joined Daiwa Securities in 1983 and has held a number of prominent roles in both Japan and Europe. Amongst other roles he has been Executive Officer of Investment Banking at Daiwa Securities SMBC, Osaka Branch, and Head of Equity Sales for Daiwa Securities SMBC in Tokyo. His international experience includes assignments in Germany and The Netherlands, and heading the Equity Division for Daiwa Europe in London.
“I am excited by the further prospects of our European business, which has been growing in a number of important areas during the past 18 months,” Mr Tada commented. “Thanks to the build up of our global derivatives platform, based out of our European offices, the acquisition of Close Brothers Corporate Finance and the creation of our Asian Equity Sales desk, Daiwa Europe is in an enviable position to provide clients with an impressive array of investment banking services. Our challenge now is to further strengthen our footprint in Europe, as the pre-eminent Japanese firm, providing access to Asian financial markets.”
Mr Tada replaces Eishu Kosuge who becomes Co-Global Head of Investment Banking for Daiwa Securities SMBC, based in Tokyo.
On January 1st 2010 Daiwa Securities SMBC will be renamed Daiwa Capital Markets, when Daiwa Securities Group takes full control of the firm, buying SMBC’s 40% minority share.
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