Nomura Holdings Inc. has completed the investment in PCIB Securities Inc. (PCIB), a wholly owned subsidiary of BDO Unibank Inc. (PSE: BDO), which was announced on 29 June 2015.
Koichi Katakawa will be appointed as president of PCIB, subject to local regulatory approval. Nomura does not expect the investment to have a material impact on its consolidated results.
Outline of New Company
- Name: PCIB Securities Inc. (To be renamed as BDO Nomura Securities Inc.)
- Registration: Makati City, Philippines
- Capital: PhP254,155,713 (equivalent to JPY620 million)
- Partners: BDO (51%), Nomura Asia Investment (Singapore) Pte Ltd (49%)