BDO takes full ownership of BDO Nomura
BDO Unibank, Inc. (BDO) announced the completion of the buyout of Nomura Holdings, Inc.’s (Nomura) ownership in BDO Nomura Securities, Inc, (BDO Nomura) following an announcement last June 23, 2020 terminating their joint venture arrangement.
BDO Capital & Investment Corporation (BDO Capital), a wholly-owned subsidiary of BDO, acquired Nomura’s 49% stake in BDO Nomura.
BDO Nomura will then be merged with BDO Securities Corp. (BDO Securities), with the latter as the surviving entity. BDO Securities will be reorganized into a full service brokerage firm with an expanded product offering to include non-equity securities.
BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of September 30, 2020.