Nomura denies alliance talks

clock

JAPAN - Nomura Holdings has denied it is in talks with the country's fourth-largest bank, Resona Holdings, to join the two firms' asset management and investment banking businesses.

It was reported in the Nikkei Business Daily today that the alliance could involve Nomura purchasing YEN100bn ($815m) worth of shares in Resona and that the firms would join both their asset manage...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Japan

AIJ president arrested in £878m Japanese pension scandal

Four executives of AIJ Investment Advisors have been arrested in an alleged fraud relating to missing pension fund money.

Jonathan Stapleton
clock 20 June 2012 •

Seismic shift in risk appetite sees Japan's managers suffer

Recently released year-end results show assets under management for Japanese asset managers were down 12% in the year ended March 31, as Gavin Blair reports

Gavin Blair
clock 06 September 2011 •

GPIF returns 0.21% in Q2 as assets fall by $33bn

JAPAN - Japan's public pension fund scraped a small return on its investments in the second quarter after its assets fell by $33bn, its latest report shows.

clock 30 August 2011 •
Trustpilot