Daiwa Securities to Form Comprehensive Alliance with Yamagata Bank, Integrating Securities Accounts to Strengthen Asset Management

ロイター··JP·Read original
2▲2 ▼0Impact / 5
Summary · why it matters

Daiwa Securities Group announced on the 1st that it has signed a basic agreement with Yamagata Bank for a comprehensive business alliance centered on the asset management field. Yamagata Bank's over-the-counter sales accounts for investment trusts and public bonds will be succeeded to and integrated into Daiwa Securities, after which Daiwa Securities will entrust financial instrument intermediary services to Yamagata Bank, combining the regional customer base with the securities firm's expertise to strengthen consulting functions covering asset building as well as inheritance and business succession. The two companies aim to conclude a final contract by the end of March 2027 and plan to launch the new framework during 2028, and they said that at this point the impact of the alliance on consolidated earnings is minor. According to the two companies, in Yamagata Prefecture the share of securities in household financial assets is about 9 percent, below the national average of about 25 percent, and dependence on deposits and savings is high. Daiwa Securities has been expanding its asset management business through alliances with regional banks, including comprehensive alliances with Shikoku Bank and Iwate Bank.

Impact on assets 4

Financials▲ · 4 stocks
Yamagata Bank, Ltd.
8344
▲ PositiveDemandrelevance

Yamagata Bank combines its regional customer base with Daiwa's expertise to expand asset-building, inheritance and business-succession consulting.

Daiwa Securities Group Inc.
8601
▲ PositiveDemandrelevance

Daiwa takes over Yamagata Bank's investment trust/bond sales accounts and gains a new regional-bank distribution channel for asset management.

© 2026 MarketIVNews