Daiwa Securities Group to Launch Subsidiary in Frankfurt Amidst Brexit

[kreslik.news]

The past year has been marked by indecisiveness and growing contemplation from global lenders operating in the UK – facing uncertain Brexit prospects, many banks have looked beyond London for a new base of operations. Daiwa Securities Group has become the latest second marquee investment bank to come to a decision this week, opting to set up a subsidiary in Frankfurt.

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Daiwa Securities Group is presently the second largest securities brokerage in Japan after Nomura, which incidentally also decided on a move to Frankfurt this week. Nomura had been mulling a ... (read more)