Daiwa snaps up KBC's Asian equity derivatives and global converts business

dominique-blanchard-daiwa
Dominique Blanchard, Daiwa

Daiwa Capital Markets, the investment banking arm of Japan's Daiwa Securities Group, is acquiring KBC Group's global convertible bonds and Asian equity derivatives business for a total of around $1 billion. The acquisition is in line with the Japanese dealer's strategy to build a derivatives business centered on Asia that it started in 2008.

Both the convertible bonds and Asian equity derivatives businesses will sit within Daiwa's global derivatives product line, headed by Dominique Blanchard, D

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