Foreign brokerages regained top-tier status in the National Pension Service’s domestic equity brokerage selection, with Daiwa and HSBC advancing, while Goldman Sachs and Nomura missed out; mid-sized local firms also showed strong performance.
#YonhapInfomax #NationalPensionService #ForeignBrokerages #HSBC #DaiwaSecurities #DomesticEquities #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=97213
[NPS Domestic Equities] Foreign Brokerages Regain Ground—Goldman, Nomura Miss Out
Foreign brokerages regained top-tier status in the National Pension Service’s domestic equity brokerage selection, with Daiwa and HSBC advancing, while Goldman Sachs and Nomura missed out; mid-sized local firms also showed strong performance.
Daiwa resumes hiring for mergers and acquisitions amid 'vibrant' Japan market
Japan’s second-largest brokerage had paused such hiring after U.S. President Donald Trump’s tariff announcements clouded the outlook for deals.
Daiwa Securities has appointed Byun Jeong-gyu, a veteran of Mizuho Bank and J.P. Morgan, as Head of FICC at its Seoul branch, aiming to boost cross-border bond sales and financial cooperation between South Korea and Japan ahead of Korea’s WGBI inclusion.
#YonhapInfomax #DaiwaSecurities #ByunJeongGyu #FICC #WGBI #MizuhoBank #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=84550
Byun Jeong-gyu, Former Mizuho Bank Executive Director, Appointed Head of FICC at Daiwa Securities Seoul Branch
Daiwa Securities has appointed Byun Jeong-gyu, a veteran of Mizuho Bank and J.P. Morgan, as Head of FICC at its Seoul branch, aiming to boost cross-border bond sales and financial cooperation between South Korea and Japan ahead of Korea’s WGBI inclusion.
The head of one of Japan’s largest investment banks used the Tokyo Pride Parade to strike a rare public stance on pushing ahead with diversity initiatives, as U.S. President Donald Trump seeks to abolish such policies.
https://www.japantimes.co.jp/business/2025/06/08/tokyo-pride-parade-loyalty-to-dei/?utm_medium=Social&utm_source=mastodon #business #lgbtq #daiwasecurities #tokyopride #shibuya #donaldtrump
Top banker vows loyalty to DEI at Tokyo Pride Parade as Trump’s pushback rages
Few Japanese executives have spoken out on U.S. backlash to DEI, though many firms seem to be quietly maintaining their initiatives.
Daiwa pauses M&A hiring as tariff uncertainty chokes deal pipeline
The assessment from Japan’s second-largest brokerage indicates how changes in global trade policy are rippling through spending activity.
Japanese brokerages struggle with volatility even before tariffs
Net income at Daiwa tumbled 24% year-on-year to ¥30 billion ($208 million) in the three months ended March 31, marking the first decline in eight quarters.
Daiwa aims to raise wages at least 5% next year amid competition for talent
Daiwa is discussing a pay raise of at least 5% for the financial year beginning in April 2025, after hikes of 5%, 4% and 7% in the three years prior.
Daiwa Securities takes lead in finance sector over ChatGPT use
Daiwa Securities has begun using the chatbot, which it has described as having "immense potential," with an eye to streamlining day-to-day tasks including information gathering in English.
Daiwa to start using AI chatbot spurned by Wall Street banks
Japan’s second-biggest brokerage plans to adopt the ChatGPT technology from this month for all of its 9,000 domestic employees, adding that it has "limitless potential.”
Yonhap Infomax News
The Japan Times