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 is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards and credit card services.
BDO has one of the largest distribution networks, with more than 1,400 consolidated operating branches and over 4,400 ATMs nationwide. It also has full-service branches in Hong Kong and Singapore as well as 14 overseas remittance and representative offices in Asia, Europe, North America and the Middle East.
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. – EventsNewsAsia.com
