BDO Unibank Inc. (BDO) yesterday announced the completion of the buyout of Nomura Holdings Inc.’s (Nomura) ownership in BDO Nomura Securities, Inc. (BDO Nomura).
This follows an announcement last June 23, 2020 terminating their joint venture arrangement.
BDO Capital & Investment Corp. (BDO Capital), a wholly-owned subsidiary of BDO, acquired Nomura’s 49 percent 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.