Nomura Completes Sale of Stake in BDO Nomura Securities

Nomura Holdings, Inc., a Japanese financial holding company and a principal member of the Nomura Group, today announced that it has completed the sale of its entire stake – 49% of outstanding shares held by Nomura Asia Investment (Singapore)Pte. Ltd. – in BDO Nomura Securities, Inc. to BDO Capital Investment & Corporation, a wholly owned subsidiary of BDO Unibank, Inc. 

According to the official press release, BDO Nomura will no longer be an equity method affiliate of Nomura. In addition, the name of BDO Nomura will be changed, subject to regulatory approval. 

BDO Nomura is poised to be merged with BDO Securities Corp., with the latter remaining as the surviving entity. BDO Securities will become a full service brokerage firm with an expanded product offering which will include non-equity securities.

Nomura also stated that it does not expect the transaction to have a material impact on its consolidated results.

Let's recall that Nomura had announced an agreement with BDO Unibank to sell its stake in their joint venture arrangement under BDO Nomura on June 23, 2020. No financial details about the transaction were disclosed.

About Nomura

Nomura is a global financial services group with an integrated network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant Banking. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership.