Daiwa moves for Korea derivatives licence and reaffirms Asia expansion drive

Daiwa Capital Markets finalised its purchase of the Asian equity derivatives and global convertible business of KBC today, and reaffirmed its Asian expansion drive with a bid to secure licences in South Korea

Daiwa Capital Markets, the investment banking unit of Daiwa Securities, has reaffirmed its plans to allocate about ¥100 billion to offices outside Japan to expand its business out of the domestic market. As part of the expansion strategy, it plans to add 660 staff globally, with 300 staff in Asia ex-Japan equity and derivatives business areas, in the coming year.

"We are aiming to become an Asia-based company from a Japan-based firm," said Daiwa Securities deputy president Takashi Hibino in Hong

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here