TOKYO -- Daiwa Securities Group will team up with a Bangkok-based corporate advisory firm to support Thai companies pursuing fundraising or mergers and acquisitions abroad, part of a plan to expand its Asian presence.
The Japanese brokerage will sign a memorandum of understanding on Friday with Aura Capital Thai. The company is the local arm of Singapore-based financial services group Aura Capital and has a solid client base in the region.
Thai companies have been engaging in more cross-border M&A transactions in recent years. Aura Capital Thai hopes that working with Daiwa will lead to more deals involving Japanese businesses.
Daiwa is positioning the Asian region as a central pillar of its overseas strategy and has been building up its presence in the region through tie-ups with and investments in local financial institutions in such countries as India, Malaysia and Vietnam. The company signed a memorandum of understanding last month to set up a 51-49 joint venture with Beijing State -owned Capital Operation and Management Center.