TOKYO : Japan's Daiwa Securities Group Inc aims to boost annual revenue from the M&A advisory business by 50 per cent in eight years by hiring more bankers and acquiring boutique firms to try to expand its presence in the United States. The second-largest Japanese brokerage and investment bank is targetin
TOKYO : Japan's Daiwa Securities Group Inc aims to boost annual revenue from the M&A advisory business by 50 per cent in eight years by hiring more bankers and acquiring boutique firms to try to expand its presence in the United States.
"The M&A business is where we can expect big growth without using much of our assets," Chief Executive Seiji Nakata told a strategy briefing on Wednesday. Daiwa said it expected to increase the number of M&A bankers it employs over the next eight years to 900 from 650.
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