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Daiwa Securities Group

Japanese company

Summary

Japanese company

Field	Value
name	Daiwa Securities Group Inc.
logo	Daiwa Securities.svg
logo_size	160
image	Gran Tokyo North Tower.jpg
image_caption	Headquarters at GranTokyo in Marunouchi, Chiyoda, Tokyo
type	Public (K.K)
traded_as
TOPIX Large 70 Component
foundation
location	Tokyo, Japan
key_people	Hibino Takashi (President and CEO)
num_employees	14,889 (at March 2022)
industry	Investment banking
products	Financial services
Investment banking
Investment management
Brokerage firm
assets	$196.7 billion (2015)
subsid	DC Advisory
homepage

TOPIX Large 70 Component Investment banking Investment management Brokerage firm

Daiwa Securities Group Inc. is a Japanese investment bank that is the second largest securities brokerage after Nomura Securities.

Major subsidiaries include Daiwa Securities, which offers retail services such as online trading to individual investors and investment banking services in Japan, as well as Daiwa Capital Markets, the firm's international investment banking arm (with a presence across Asia, Europe and North America) that provides M&A advisory, sales and trading services in a variety of financial products to corporate and institutional clients. Other group companies provide asset management, research and private equity fund services.

The company is the fourth largest shareholder in SL Green Realty.

History

Daiwa Securities SB Capital Markets

The company was founded in 1999 as Daiwa Securities SB Capital Markets Co. Ltd., a joint venture between Daiwa Securities Group (Daiwa) and Sumitomo Bank (SB). It was renamed in 2001 to Daiwa Securities SMBC Co. Ltd., after Sumitomo Bank merged with Sakura Bank on 1 April 2001 to form Sumitomo Mitsui Banking Corporation (SMBC), a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG). However, in 2010, SMBC acquired Nikko Cordial (Japan's third-largest brokerage at that time).

Daiwa Securities Capital Markets Company

Following this step, Daiwa dissolved the joint-venture with SMBC and re-acquired 100% of the shares in the company, before renaming it again as Daiwa Securities Capital Markets Co. Ltd. Finally, about two years later, the company was absorbed in a merger, leaving Daiwa Securities Co. Ltd as the sole entity.

DC Advisory

In May 2009, Daiwa acquired the corporate finance division of Close Brothers Group. In 2010, it was renamed to DC Advisory and now acts as the corporate finance arm of Daiwa.

Member companies

Daiwa Financial Holdings Co., Ltd.
Daiwa Securities Co., Ltd.
Daiwa Asset Management Co., Ltd.
Daiwa Institute of Research Ltd.
Daiwa SB Investments Ltd.
Daiwa Securities Business Center Co., Ltd.
The Daiwa Property Co. Ltd.
Daiwa Capital Markets America Inc.
Daiwa Capital Markets Europe Ltd.

Projects

In July 2012, Daiwa Securities Group was chosen by the Central Bank of Myanmar to spearhead a $380-million project designed to develop an IT network for the Myanmar government that would connect all ministries as well as schools and hospitals to a cloud computing system and would also entail a secure online banking system for the country.{{Cite news | access-date = 2013-02-03 | archive-date = 5 March 2013 | archive-url = https://web.archive.org/web/20130305041630/http://investvine.com/is-myanmar-a-business-opportunity-bonanza/ | url-status = dead

In December 2024, Daiwa Securities announced its aims to raise wages by 5% to attract new talents to its company. The initiative is expected to begin by April, 2025.

References

"The World's Largest Public Companies".
(2017-04-11). "Japan's top three brokerages to pare grad hiring as households shun stocks".
(1 September 2015). "Who Will Be Holding the Bag?". The Real Deal.
"Daiwa Secuities Group".
Vaughan, Liam. (26 April 2011). "DC Advisory Partners shrugs off false start".
"Group Companies | About Daiwa Securities Group".
(December 23, 2024). "Japan's Daiwa aims to raise wages at least 5% next year to attract talent".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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