Daiwa Securities seeking to buy stakes in Asia brokerages

Daiwa Securities is seeking to buy stakes in Asian brokerages as Japan’s second-biggest securities firm resumes an expansion in the region after an earlier effort faltered.

Bloomberg News reports that teaming up with peers in Asia will help the company generate more business and income sources abroad, CFO Mikita Komatsu said in an interview in Tokyo.

Daiwa executives will visit financial firms in at least six Southeast Asian nations and Hong Kong over the next five months to discuss opportunities including capital alliances, he said.

To access the complete Bloomberg News article hit the link below:

Daiwa to Reboot Asian Expansion With Stakes in Brokerages

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