Daiwa named Best Investment Bank for 2nd year running
Published: Sun, 19 Feb 2012
[CDATA[ Daiwa Capital Markets has been named Global Finance magazine's Best Investment Bank, based in Japan, for 2012. This is the second year running that Daiwa has received the highly competitive award from the well followed magazine. The accolade was based on evidence of excellence and innovation across all business areas globally, ranging from Equity to Fixed Income, Debt and Equity Capital Markets, Convertible Bonds and M&A. Global Finance was established in 1987 and has an audited circulation of approximately 50,000, with readers in more than 160 countries.Note to editors: Daiwa Capital Markets (www.daiwacm.com/uk) is the wholly-owned investment banking arm of Daiwa Securities Group. The award winning firm has more than 4,000 employees worldwide and provides integrated financial services including brokerage, derivatives, capital raising, IPOs, M&A and other creative financial solutions to clients through a network of more than 20 offices across Asia, the Middle East, Europe, North America. Corporate finance and M&A advisory services are provided in Europe through DC Advisory Partners (www.dcadvisorypartners.com), a wholly owned subsidiary of Daiwa Capital Markets Europe Limited. Daiwa Securities Group (www.daiwa-grp.jp/english) is one of the largest brokerage and banking groups in Japan and employs approximately 16,000 professionals worldwide providing comprehensive financial services, including retail brokerage, investment banking and...... (read more) ]]...
Daiwa triumphs in AsiaMoney Awards
Published: Fri, 10 Feb 2012
[CDATA[ Daiwa Capital Markets has been recognised for its role in three major deals, winning Best Equity-Linked Offering, Best Local Currency Bond and Best Equity Offering in AsiaMoney’s annual Japan Awards. The award for Best Equity-Linked Offering recognised Daiwa’s role as sole bookrunner in KDDI’s 200 billion Yen convertible bond, the largest convertible bond issue globally of 2011. “This single deal vaulted Daiwa Capital Markets to the top of the equity-linked league tables,” AsiaMoney noted its award justification. “It showed the synergy value behind Daiwa’s acquisition…of the global convertible bond and Asian equity derivatives business of Belgian bank KBC.” Panasonic’s 500 billion yen issue last March, meanwhile, was recognised as Best Local Currency Bond, with Daiwa acting as bookrunner. This same deal was recently awarded IFR’s Yen Bond of the Year Award. The Best Equity Offering award recognised Daiwa’s role, again as bookrunner, in Resona Holdings 572 billion yen common equity issue. AsiaMoney magazine has been published by Euromoney Institutional Investor since 1989 and is one of the most widely read publications serving the Asian financial markets. Note to editors: Daiwa Capital Markets (www.daiwacm.com/uk) is the wholly-owned investment banking arm of Daiwa Securities Group. The award winning firm has more than 4,000 employees worldwide and provides integrated...... (read more) ]]...
Daiwa named IFR's Yen Bond House of the Year
Published: Wed, 18 Jan 2012
[CDATA[ Daiwa Capital Markets has been named IFR's Yen Bond House of the Year. The accolade recognises the firm's excellence in the market and is widely regarded to be the pre-eminent yen bond award. This follows Daiwa's success in the EuroWeek Awards in 2011 when it was named Best Uridashi Dealer and Best Supra/Agency Yen House. IFR's Editors commented: "In an increasingly globalised world, one Japanese house unashamedly rediscovered its core strength in yen as an independent investment bank, using this as a stepping stone to other markets. For its rise back to prominence in a busy year, while creating opportunities for both buyers and sellers and underlining its cross-linked execution capabilities, Daiwa Capital Markets is IFR’s Yen Bond House of the Year." IFR is published by Thomson Reuters and its annual awards are regarded as the "Oscars of the financial markets." Daiwa was also recognised for its role as joint lead manager in Panasonic's 500 billion yen issue, winning the Yen Bond of the Year award Note to editors: Daiwa Capital Markets (www.daiwacm.com/uk) is the wholly-owned investment banking arm of Daiwa Securities Group. The award winning firm has more than 4,000 employees worldwide and provides integrated financial services including brokerage,...... (read more) ]]...
Daiwa Capital Markets appoints Keith Meekins as CEO, Europe & the Middle East
Published: Tue, 05 Jul 2011
[CDATA[ Daiwa Capital Markets, the investment banking arm of leading Japanese brokerage Daiwa Securities Group, today announced the appointment of Keith Meekins as Chief Executive Officer (CEO) of its subsidiary firm Daiwa Capital Markets Europe Limited (Daiwa Europe). Meekins, who was previously Head of Fixed Income and a member of the firm’s Executive Committee, is the first sole locally appointed CEO of Daiwa Europe. He will lead the investment bank’s strategy across Europe and the Middle East reporting to Masami Tada, previously CEO and Chairman. Mr Tada will remain Chairman of Daiwa Europe. Meekins has significant senior experience within Japanese firms, both at Daiwa and Nomura, and his local expertise will enable him to successfully fulfil his clear remit of leading the European arm of Daiwa’s global business. Mr Tada, Chairman of Daiwa Europe, comments: “As Daiwa looks to compete as an investment bank on the global stage, centred on providing clients with access to Asia, it is vital that we empower our local experts. It is, in fact, strategically imperative that we seek to reduce our reliance on domestic Japanese business with Daiwa now concentrating on originating business globally. Keith’s appointment should be viewed in this wider context and I wish him every...... (read more) ]]...
Daiwa hires European Central Bank Economist
Published: Tue, 19 Apr 2011
[CDATA[ Daiwa Capital Markets (Daiwa), the investment banking arm of leading Japanese brokerage Daiwa Securities Group, has hired a former European Central Bank (ECB) economist as part of its strategy to strengthen its global research offerings. Tobias Blattner joins Daiwa as European Economist, based in London, reporting directly to Chris Scicluna, Deputy Head of Economic Research. Blattner will be responsible for analysing and forecasting euro area economies and financial markets, as well as assessing euro area imbalances, vulnerabilities and competitiveness developments. He will also provide input to the assessment of the economic situation in, and the outlook for, other major economies. Prior to joining Daiwa, Blattner spent more than seven years at the ECB in Frankfurt, where he served as an Economist in the Monetary Policy Strategy Division, advising on issues related to the implementation and effectiveness of the ECB’s monetary policy strategy. He previously briefed on developments in foreign exchange markets as well as international trade and capital flows. He holds a Masters degree in Economics from the Free University Berlin. Grant Lewis, Managing Director and Head of Economic Research Europe, commented: “Tobias’ arrival marks another step in the upgrading of Daiwa’s Research function as it seeks to build on...... (read more) ]]...
Branding News: Daiwa updates and aligns global research branding
Published: Fri, 01 Apr 2011
[CDATA[ Daiwa Capital Markets (Daiwa), the investment banking arm of leading Japanese brokerage Daiwa Securities Group, is pleased to announce that it has upgraded the “look and feel” of its award winning equity research. The development, which follows consultation with a number of clients, means that the firm’s research products are now even more user-friendly. Importantly, and for the first time, all Daiwa research now has a globally aligned design, reflecting the increasingly global nature of Daiwa’s business. The research has also been updated to mirror the design behind the firm’s corporate “Centred on Asia. Serving the World” advertising campaign. This global marketing plan has seen the firm advertise extensively everywhere from Japan to Hong Kong, London and New York in a range of leading titles such as The FT, The Wall Street Journal, The Economist and specialist titles including Thomson Reuters IFR, Euroweek, Finance Asia and The Trade Asia. Last year Daiwa announced plans for impressive investment in its pan-Asian expansion, hiring across asset classes and strengthening its global research team. As the firm moves from becoming one focused on Japan, to an investment bank dedicated to offering a wide variety of pan Asian services for its clients, its global...... (read more) ]]...
Daiwa makes senior hires in Asian equity sales
Published: Thu, 24 Mar 2011
[CDATA[ Daiwa Capital Markets (Daiwa), the investment banking arm of leading Japanese brokerage Daiwa Securities Group, has hired Ali Khan as Managing Director and Head of Asian Equity Sales, based in London. Khan joins the firm from Deutsche Bank where, for the past four years, he was Head of Indian Equity Sales, Europe. Prior to this Khan worked for four years as Head of Indian Equity Sales, for Kotak Mahindra, the Indian brokerage that operated a joint venture with Goldman Sachs during this time. Khan has also worked as Head of Equity Sales for BZW Securities both in London and Mumbai, and has held senior positions at BNP and CLSA. He has been covering the Indian capital markets since 1994 and, as such, is one of the most experienced sales heads in London for the Indian sub-continent. Last year Daiwa announced plans to build its non-Japan Asia business across product lines and Khan's hire is an integral part of this build out for its Equity business. He will be running a team strengthened by the arrival of Alex Lewis at Daiwa, another recently hired Managing Director on the Asian Equity Sales desk. Lewis joined Daiwa at the end of January from Marble Bar...... (read more) ]]...
Daiwa to Contribute to Tohoku Earthquake Relief
Published: Mon, 14 Mar 2011
[CDATA[ Daiwa Securities Group Inc will contribute a total of Y100 million (approximately £800,000) to support relief and recovery efforts after the devastating earthquake that hit the Tohoku region of Japan on March 11th. Daiwa Securities Group Inc. offers its sympathy to all the people in the affected regions, and extends its best wishes for a speedy relief effort and recovery. Please note that this is an unofficial translation of a press release announced on March 12th 2011 by Daiwa Securities Group Inc. The original press release is in Japanese here.Note to editors: Daiwa Capital Markets (www.daiwacm.com/uk) is the wholly-owned investment banking arm of Daiwa Securities Group. The award winning firm has more than 4,000 employees worldwide and provides integrated financial services including brokerage, derivatives, capital raising, IPOs, M&A and other creative financial solutions to clients through a network of more than 20 offices across Asia, the Middle East, Europe, North America. Corporate finance and M&A advisory services are provided in Europe through DC Advisory Partners (www.dcadvisorypartners.com), a wholly owned subsidiary of Daiwa Capital Markets Europe Limited. Daiwa Securities Group (www.daiwa-grp.jp/english) is one of the largest brokerage and banking groups in Japan and employs approximately 16,000 professionals worldwide providing comprehensive financial services, including retail...... (read more) ]]...
Daiwa Europe appoints Polly Williams as Non Executive Director
Published: Mon, 31 Jan 2011
[CDATA[ Daiwa Capital Markets Europe Limited (Daiwa Europe), the investment banking arm of leading Japanese brokerage Daiwa Securities Group, has appointed Polly Williams as Non Executive Director. Williams also serves as Non Executive Director of National Counties Building Society and ScotiaBank Ireland, as well as Deputy Chairman of Rugby School. She was previously a partner at professional services firm KPMG for five years with responsibility for the group audit of HSBC Group, and is a qualified chartered accountant. Williams joins Richard Farrant as the second Non Executive Director to be appointed to the Board of Daiwa Europe. Farrant, who joined in 2007, was previously Chief Executive of the Securities and Futures Authority, later serving as Managing Director and Chief Operating Officer of the UK’s Financial Services Authority. “We are delighted to welcome Ms Williams to the Board and look forward to working closely with her as the Board continues to provide leadership and direction to Daiwa’s European and Middle East operations, with a clear focus on transparency and sound risk management,” commented Junichi Arihara, President and COO of Daiwa Europe.Note to editors: Daiwa Capital Markets (www.daiwacm.com/uk) is the wholly-owned investment banking arm of Daiwa Securities Group. The award winning firm has more than...... (read more) ]]...
DC Advisory Partners announces major growth plans; appoints Paul Mullins Chief Executive, Europe
Published: Fri, 07 Jan 2011
[CDATA[ DC Advisory Partners (DC Advisory), a leading pan European corporate finance house, today announces major growth plans, backed by its parent company Daiwa Capital Markets (Daiwa). The firm plans to strengthen its business across Europe, specialising in the provision of pan European M&A and debt advisory services, as well as providing clients with access to cross border European/Asian expertise that taps the combined resources of DC Advisory and Daiwa, an investment bank with an impressive and growing Asian presence. DC Advisory today also announces the appointment of experienced investment banker Paul Mullins (see note 1), a former Bank of America, Citigroup and Schroders Managing Director, as Chief Executive, Europe. Backed with the full commitment and resources of the parent company, he is charged with making DC Advisory the number one mid cap focused investment bank for the region, combining regional expertise and global perspective. The corporate finance house, which consistently ranks in the top five European advisers in M&A mid-market league tables, already employs more than 200 bankers across France, Germany, Poland, Spain and the UK and Mullins will be strengthening the team further. Working with Daiwa’s fast growing investment banking expertise across Asia, DC Advisory is uniquely equipped to serve European...... (read more) ]]...
Daiwa wins IFR's Yen Bond of the Year Award
Published: Tue, 04 Jan 2011
[CDATA[ Daiwa Capital Markets has received the Yen Bond of the Year Award from International Financing Review (IFR) magazine. The firm received the accolade for its role in the United Mexican States’ ¥150bn 2.32% 10-year Samurai.“In a year dominated by sovereign debt headlines, the United Mexican States’ ¥150bn (US$1.7bn) 2.32% 10-year Samurai – issued under the partial guarantee of Japan Bank for International Cooperation and jointly arranged by Daiwa Capital Markets and Nomura – was a rare piece of good news,” IFR editors wrote. IFR is a highly regarded capital markets magazine published by Thomson Reuters. Its Awards are considered to be the ‘Oscars of the financial 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• Convertible Bonds Corporate Finance and M&A advisory services are provided in Europe by our subsidiary, DC Advisory Partners... (read more) ]]...
Published: Fri, 19 Nov 2010
[CDATA[ Today KBC Group finalised the sale of its Global Convertible Bond and Asian Equity Derivatives businesses to Daiwa Capital Markets (registered name in Japan is Daiwa Securities Capital Markets) for a total consideration of approximately USD 1.2 billion consisting of approximately USD 0.2 billion for staff, IT infrastructure and other assets (excluding the trading positions) and approximately USD 1 billion for trading positions. The transaction allows KBC to free up capital resources for a total amount of USD 0.2 billion.The acquisition jointly announced on 5 July forms a strong foundation for Daiwa’s growing derivatives business and fits within KBC's renewed strategy to focus on its home markets (in Belgium and Central and Eastern Europe) and further reduce the risk profile of the group.Luc Popelier, CEO of KBC Group’s Market activities, comments: “The sale that was finalised today is in line with KBC’s renewed strategy to wind down the structured products business within KBC Financial Products and to focus on its core bancassurance market. The transaction allows KBC to free up capital resources for a total amount of USD 0.2 billion while also further reducing the group’s risk profile. In the Asia Pacific region KBC will continue to concentrate on corporate...... (read more) ]]...
Published: Mon, 16 Aug 2010
[CDATA[ Daiwa Capital Markets (“Daiwa”), the investment banking arm of leading Japanese brokerage Daiwa Securities Group, has hired Meurig Williams as Regional Head of Equity for Europe and the Middle East, appointing him as Managing Director of Daiwa Capital Markets Europe (“Daiwa Europe”). In his new role Williams will work in close co-operation with the firm’s other regional equity heads to further build its franchise in the pan Asian equities markets. Williams, who was formerly a Managing Director at Goldman Sachs, will be based at Daiwa’s European headquarters in London, reporting to Yoshio Urata, Hong Kong-based Global Head of Equity Sales, and locally to Masami Tada, Chairman and CEO of Daiwa Europe. In addition to his 12 year career at Goldman Sachs where, amongst other senior roles, he served as Head of Pan Asian Shares in Europe, Mr. Williams was previously CEO of WiJo Capital, a London-based investment management company. ”Daiwa is currently broadening its range of investment banking services but it is just as important that we strengthen our traditional core businesses, such as equities, as we position ourselves as a leading Asian investment bank,” comments Mr. Tada. “Meurig is a key hire for us as we look to expand our...... (read more) ]]...
Daiwa appoints new Debt Capital Markets and Fixed Income management
Published: Wed, 28 Jul 2010
[CDATA[ July 28th (London) - Daiwa Capital Markets, the investment banking arm of leading Japanese brokerage Daiwa Securities Group, today appointed Chris Brown as its Deputy Head of Fixed Income for Europe & the Middle East, a newly created role. In addition, the firm announced the appointment of Vince Purton as Head of Debt Capital Markets (DCM) for the region. The appointments are an integral part of Daiwa’s strategy to strengthen management within these markets and follow on from the appointment of new Heads of Fixed Income for Korea and India last week. Brown takes up the London-based role following close to 10 years with Daiwa, most recently in Singapore as Managing Director, where he successfully oversaw the growth of its Asian fixed income franchise across product lines. Prior to joining Daiwa, Brown worked at Sakura Finance as Head of Sales and his experience includes senior positions at Paine Webber and NatWest Capital Markets. As part of his role Brown will also manage the firm’s syndicate desk, following the departure of previous desk head Stephen Apted. Brown reports to Keith Meekins, Head of Fixed Income and a member of Daiwa Europe’s Executive Committee. Purton, who is also based in London, steps up following...... (read more) ]]...
Published: Mon, 05 Jul 2010
[CDATA[ Daiwa Capital Markets (Daiwa), the investment banking arm of leading Japanese brokerage and financial services company Daiwa Securities Group, is acquiring the global convertible bonds and Asian equity derivatives business lines of Belgium’s KBC Group NV for a total consideration of approximately $1billion, consisting of approximately $0.2 billion for staff, IT infrastructure and other assets (excluding the trading position) and approximately $0.8 billion for the trading position. The acquisition, which is subject to regulatory approval, forms a major part of Daiwa’s strategy to build a leading global derivatives business centred on Asia. The units being acquired by Daiwa are leading specialists in equity-linked derivatives and global convertible bonds, representing an excellent strategic fit with Daiwa’s desire to further diversify its earnings streams, across regions and products. Through the acquisition Daiwa’s clients now have access to market leading platforms in the convertible bonds and Asian equity derivatives markets. The global convertible bonds business, which operates from offices in Hong Kong, London and New York, offers a complete range of secondary market services for issuers and investors across the global universe of convertible bonds, counting some 350 clients across 25 countries. It is one of the top ranked convertible bond houses, providing competitive...... (read more) ]]...
Daiwa and EBRD team up to issue microfinance bonds
Published: Thu, 20 May 2010
[CDATA[ Daiwa Securities Group and The European Bank for Reconstruction and Development (“EBRD”) are planning an issue of EBRD microfinance bonds that will support the development of micro and small enterprises (MSEs) in the EBRD’s countries of operations.The funding will be raised under the EBRD’s Global Medium Term Note Program. Proceeds will support EBRD operations that fund financial institutions which provide microfinance to small businesses. The inaugural issuance of EBRD’s Microfinance Bonds will be arranged by Daiwa Capital Markets and distributed by Daiwa Securities Co. Ltd. to Japanese retail and institutional investors. Full details are on the joint press release here.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, DC Advisory Partners... (read more) ]]...
Introducing DC Advisory Partners - the new name for Close Brothers Corporate Finance
Published: Tue, 11 May 2010
[CDATA[ Close Brothers Corporate Finance (Holdings) Limited, the holding company for one of Europe’s leading corporate finance firms, has been renamed Daiwa Corporate Advisory Partners Limited. Its operating companies are, accordingly, rebranded DC Advisory Partners. The renaming follows Daiwa Capital Markets’ acquisition of the firm last year. The new website that has been launched by DC Advisory Partners following the rebranding can be seen here. The full press release regarding Daiwa’s acquisition of the firm can be seen here. Headquartered in London, DC Advisory Partners has a strong European and regional presence, employing more than 200 staff across offices in Barcelona, Frankfurt, Lyon, Madrid, Manchester, Paris, Warsaw and Zurich. As a 100% subsidiary of Daiwa Capital Markets Europe it offers advice across • Mergers and acquisitions• Debt raisings• Restructuring• IPO advice• Advising financial sponsors Web: www.dcadvisorypartners.comTel: +44 (0) 20 7856 0999 (Headquarters) 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...... (read more) ]]...
Daiwa Securities Group Inc. posts results
Published: Fri, 29 Jan 2010
[CDATA[ Daiwa Securities Group Inc., the parent company of Daiwa Capital Markets, today reported results for the third quarter, posting Y26.36 billion ($293 million) of net income for the three months ending December 31 2009, compared with a loss of Y53 billion yen a year earlier. This is the company’s biggest quarterly profit in two years and the third consecutive quarter of net profit. Solid performance from trading and investment banking operations contributed to the result. Full details of the Group's results are available here with the wholesale results of Daiwa Capital Markets available here.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... (read more) ]]...
Daiwa Capital Markets named Best Lead Manager of Yen Bonds
Published: Mon, 18 Jan 2010
[CDATA[ Daiwa Capital Markets (Daiwa) has won EuroWeek’s prestigious "Best Lead Manager of Yen Bonds" Award for the fourth consecutive year, further reinforcing its position as the leading investment bank for Asian financial markets. The firm also won first place in the “Yen Deal of the Year” category, for its role in the Westpac Samurai deal of February 2009. The accolades, which are published in the magazine’s review of the Year 2009, recognise excellence and innovation during the past year and are voted for by peers, demonstrating Daiwa’s leading position in the capital markets. Keith Meekins, Head of Fixed Income at Daiwa Capital Markets Europe, commented: “Being honoured in this way for a fourth year running is clearly a major achievement. Thanks to the team’s unwavering commitment amid challenging markets we have continued to deliver for our clients and I am confident we will continue to do so throughout 2010.” Sam Amalou, Head of Debt Capital Markets (DCM) at Daiwa Capital Markets Europe, added: “EuroWeek has once again recognised our leading position in the Yen market and I’d like to thank the DCM team for their hard work, as well as the firms that voted for us. 2010 is already shaping up to be...... (read more) ]]...
Daiwa arranges first World Bank Green Bonds for Japan
Published: Mon, 18 Jan 2010
[CDATA[ The World Bank and Daiwa Securities Group today announced final terms for the World Bank's inaugural issuance of green bonds designed specifically for investors in Japan. World Bank green bonds support projects in the World Bank's member countries that meet specific criteria for low-carbon development. This issuance was arranged by Daiwa Capital Markets and distributed by Daiwa Securities Co Ltd. For further details, please see the full press release here.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... (read more) ]]...
Introducing Daiwa Capital Markets
Published: Mon, 04 Jan 2010
[CDATA[ On January 1st 2010, Daiwa Securities Group Inc acquired Sumitomo Mitsui Financial Group's 40% minority stake in their investment banking joint venture, Daiwa Securities SMBC. Following this change, the firm has been renamed and is now globally branded as Daiwa Capital Markets. The European company name is Daiwa Capital Markets Europe Limited. The full press release issued by the parent company, Daiwa Securities Capital Markets Co Ltd, is available here.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... (read more) ]]...
Daiwa set to roll out next generation Electronic Trading Platform in Asia
Published: Fri, 11 Dec 2009
[CDATA[ Daiwa Securities SMBC (Daiwa), which will be renamed Daiwa Capital Markets on January 1st 2010, today announced the launch of its electronic trading platform in Asia for cash and listed derivatives. The Japanese investment bank will offer institutional clients globally the ability to trade in Australia, Hong Kong, Korea, Singapore, India and Taiwan through a suite of advanced electronic trading tools including algorithmic trading, crossing engine, Direct Market Access (DMA) trading and smart order router (SOR). Daiwa has committed significant resources to building a first class electronic trading platform and plans to hire an additional dozen professionals in Japan and Hong Kong to serve clients across the region. “The demand for electronic trading strategies has increased drastically in the last few years as more buy-side clients opt for the unbundling of research and execution to achieve better efficiency and lower transaction costs,” said Punit Mittal, Daiwa’s Global Head of Electronic Trading. Following the launch of Daiwa AlgoRithmic Trading this year, Daiwa will be rolling out the next generation crossing platform and SOR with the ability to sweep liquidity across all available execution venues in early 2010. “Helping clients enhance liquidity management is a key focus for...... (read more) ]]...
Daiwa Securities SMBC appoints new Chairman and CEO for European operations
Published: Thu, 12 Nov 2009
[CDATA[ 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...... (read more) ]]...
Published: Fri, 06 Nov 2009
[CDATA[ Tokyo - On November 6, 2009, Republic of Poland (“Poland”) successfully revisited the Samurai bond market with the pricing of its eighth and ninth Samurai bond issues. The single A rated public Samurai transaction, via Joint Bookrunners Daiwa Securities SMBC Co. Ltd, Mizuho Securities Co Ltd and Nomura Securities Co. Ltd had a total issue size of JPY 44.8 billion. The dual-tranche, three-year and five-year offering was well received by investors. The Samurai bond issues were launched with the following terms and conditions: Issuer Republic of Poland Rating A2 (Moody’s) / A- (JCR) Series #8 #9 Issue Size ¥23.3 Billion ¥ 21.5 Billion Maturity 13th November 2012 13th November 2014 Coupon (s.a) 1.92% 2.34% Issue Price 100% 100% Re-Offer Yield 1.92% 2.34% Re-Offer Yield Spread Reference ¥L+120 bps ¥L+140 bps Lead Managers Daiwa Securities SMBC Co., Ltd Mizuho Securities Co., Ltd Nomura Securities Co., Ltd Fiscal Agent Sumitomo Mitsui Banking Corporation The transaction follows a Tokyo roadshow last week comprising a group presentation and a series of one-on-one investor meetings by a senior delegation from the Ministry of Finance and National Bank of Poland headed by Dominik Radziwill, Undersecretary of State. The issue was placed overwhelmingly with Japanese institutional investors - both repeat investors from Poland’s previous issues and also accounts buying the credit for the first time. Particularly pleasing was the positive impact on the book of the marketing trip...... (read more) ]]...
Daiwa Securities Group Inc to re-name investment banking arm Daiwa Capital Markets
Published: Thu, 05 Nov 2009
[CDATA[ 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...... (read more) ]]...
Grant Lewis, Head of Fixed Income Research, on FT's Ask the Expert
Published: Tue, 15 Sep 2009
[CDATA[ Grant Lewis, Head of Fixed Income Research at Daiwa Securities SMBC Europe, yesterday participated in the Financial Times’ highly regarded “Ask the Expert” on www.ft.com. Grant was answering questions about whether the special measures brought in at the height of the financial crisis have worked, the effectiveness of QE and the dangers that lie ahead. There was a wide range of questions, including why the supply of bank credit remains restricted and when we will know if QE is working. At the forefront of many of the questions was how and when QE will be reversed, with some concerns about the risks the Fed, in particular, has taken on its balance sheet. You can see his responses on the Financial Times website. If you do not have an FT.com subscription, you will need to register with the site to get access.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...... (read more) ]]...
Daiwa Securities to acquire SMFG's 40% stake in Daiwa Securities SMBC
Published: Thu, 10 Sep 2009
[CDATA[ On September 10th 2009, Daiwa Securities announced that it would be buying Sumitomo Mitsui Financial Group’s 40% share in their joint venture, Daiwa Securities SMBC. Daiwa Securities Group will take full control of the business on December 31st 2009. Click here for the Group’s press release in English.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... (read more) ]]...
Published: Mon, 18 May 2009
[CDATA[ Daiwa Securities SMBC Europe Limited (Daiwa SMBC Europe), the European subsidiary of leading Japanese investment bank Daiwa Securities SMBC Co. Ltd. (Daiwa SMBC), is acquiring Close Brothers Corporate Finance Holdings Limited (Close Brothers Corporate Finance) from Close Brothers Group plc for a cash consideration of £75 million. The acquisition is part of Daiwa SMBC’s strategy to build a global independent corporate advisory business. The acquisition is subject to regulatory approval.Close Brothers Corporate Finance, one of Europe’s leading advisers with operations in the UK, France, Spain, Germany and Switzerland, will be a stand alone business working in alliance with Daiwa SMBC’s other international corporate finance operations and will continue to provide independent corporate finance advice. Close Brothers Corporate Finance will continue to trade under its existing name for up to twelve months. For further details, please see here.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...... (read more) ]]...
Daiwa Securities SMBC wins EuroWeek Yen awards
Published: Thu, 14 May 2009
[CDATA[ Daiwa Securities SMBC added to its 2009 awards tally with two awards wins presented at this week's annual EuroWeek Bond Market Awards ceremony. The firm was named “Most Impressive Bank for Sovereign Issuers in Yen”, as well as “Most Impressive Bank for FIG Issuers in Yen”. Sam Amalou, Head of Debt Capital Markets at Daiwa Securities SMBC Europe Limited, commented: “We are delighted to receive these two awards this year, following on from last year’s win as Most Impressive Bank Team in Yen. This is an excellent start to the year and we look forward to continuing to expand the franchise and grow our business during 2009.” EuroWeek, published by Euromoney Institutional Investor Plc, is a leading global capital markets magazine. The awards were determined by a poll of bankers and borrowers undertaken by EuroWeek in April and May.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...... (read more) ]]...
Daiwa Securities SMBC Europe Ltd. hires new CFO, Stephen Krag
Published: Thu, 14 May 2009
[CDATA[ Daiwa Securities SMBC Europe Limited (“Daiwa SMBC”), the European subsidiary of leading Japanese investment bank Daiwa Securities SMBC Co. Ltd, has hired Stephen Krag as Chief Financial Officer (CFO). Stephen Krag joins Daiwa SMBC from Bank of Scotland Treasury, where he was Chief Operating Officer and Finance Director. Previously he worked for NatWest Markets where he held a number of senior finance positions within the Capital Markets, Equities and Global Financial Markets businesses including responsibility for operations in North America, Europe and Asia. Stephen graduated from Cambridge University and is a qualified chartered accountant. Stephen’s predecessor Doreen Langston, who has been at Daiwa SMBC for 8 years, will be working closely with Stephen to ensure a smooth transition. Eishu Kosuge, Chairman & CEO of Daiwa Securities SMBC Europe Limited, commented: “I am pleased to welcome Stephen to this exciting role and believe his impressive experience in financial markets will be of great benefit to the firm. I would also like to thank Doreen Langston for her valuable contribution to Daiwa SMBC during the past eight years. Her focus and commitment have been greatly appreciated by the board and staff of the firm and we all wish her the best with her future...... (read more) ]]...