Daiwa Securities Group
Brokerage firm | |
Total assets | $196.7 billion (2015)[1] |
---|---|
Number of employees | 14,889 (at March 2022) |
Subsidiaries | DC Advisory |
Website | www |
Daiwa Securities Group Inc. (大和証券グループ本社, Daiwa Shōken Gurūpu Honsha) is a Japanese
Major subsidiaries include Daiwa Securities, which offers retail services such as
The company is the fourth largest shareholder in SL Green Realty.[3]
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.[4]
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.[5]
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.[6]
See also
References
- ^ "The World's Largest Public Companies". Forbes.
- ^ "Japan's top three brokerages to pare grad hiring as households shun stocks". The Japan Times. 11 April 2017. Retrieved 28 May 2020.
- ^ Putzier, Konrad (1 September 2015). "Who Will Be Holding the Bag?". The Real Deal. Retrieved 3 September 2015.
- ^ http://www.daiwa-grp.jp/data/current/press-3129-attachment.pdf [bare URL PDF]
- ^ "Group Companies | About Daiwa Securities Group".
- ^ "Is Myanmar a business opportunity bonanza?". Investvine.com. 15 January 2013. Retrieved 3 February 2013.
External links
- Official website (in Japanese)
- Fundinguniverse.com Company History
- "Company history books (Shashi)". Shashi Interest Group. April 2016. Wiki collection of bibliographic works on Daiwa Securities Group