Citigroup_Global_Markets_Japan

Citigroup Global Markets Japan

Citigroup Global Markets Japan

Financial services firm in Japan


Citigroup Global Markets Japan Inc. (シティグループ証券株式会社, Shitigurūpu Shōken Kabushiki-gaisha) is the division of Citigroup that operates in Japan. It provides investment banking services.

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History

Nikko Cordial and Citigroup established a joint venture in Japan in 1999, later called Nikko Citigroup, which operated through a "branch office" in Naha, Japan under the trade name Nikko Salomon Smith Barney Securities (日興ソロモン・スミス・バーニー証券, Nikkō Soromon Sumisu Bānī Shōken).[citation needed]

In October 2007, after acquiring a 68% interest earlier in the year, Citigroup acquired the minority interests in Nikko Cordial.[1]

In September 2009, Citigroup sold Nikko Cordial to Sumitomo Mitsui Financial Group.[2][3]

The investment banking business remained as Citigroup Global Markets Japan.[4]


References

  1. Dolan, David; Gibbs, Edwina (October 2, 2007). "Citigroup to buy rest of Nikko in $4.6 bln deal". Reuters.
  2. Lagorio, Juan (September 30, 2009). "Citi closes sale of Nikko Cordial to SMFG". Reuters.



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