Daiwa Securities and Australia and New Zealand Banking Group Limited (ANZ) have today signed a Memorandum of Understanding to establish a business alliance in connection with their M&A advisory businesses.
ANZ is one of the largest commercial banks in Australia and New Zealand with a strong customer base and a well-established network in the region.
The alliance, which primarily aims to provide Daiwa and ANZ with a platform for conducting cross-border M&A advisory business in Japan, Australia and New Zealand, strengthens Daiwa’s global M&A advisory network. This already includes Daiwa’s Japanese HQ, its Asian subsidiaries, DC Advisory in Europe (which Daiwa acquired from Close Brothers in 2009) and Sagent Advisors in North America (in which Daiwa owns a share of approximately 20%). Daiwa also counts Denmark’s Danske Bank and Spain’s Montalban Atlas Capital as network partners.
In the past year Daiwa has been growing its global network through alliances with leading participants in their home markets. It has, for example, already signed business alliances with Malaysia's Affin Investment Bank Berhard, Thailand's Thanachart Securities and Indonesia's Bahana Securities.