Daiwa teams with Aozora, Japan Post against Nomura, megabanks

CEO eyes Nikkei average at 52,000, wealth management and real estate

20240520 daiwa

Daiwa Securities Group has plans to go up the value chain by collaborating with strategic partners. (Source photos by AP and Kyodo)

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- Daiwa Securities Group has thrown down the gauntlet to bigger rivals like Nomura and Japan's megabanks.

"We want to expand our client base by teaming with other companies," said CEO Akihiko Ogino in a conference call announcing a new three-year business plan on Monday.

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