The Hyakujushi Bank and Nomura Securities Finalize Major Alliance; Targeting 1 Trillion Yen in Assets Under Custody

MT Newswires Live
Dec 09

The Hyakujushi Bank (TYO:8386) and Nomura Securities have finalized a major business alliance, with an aim to increase assets under custody in their financial instruments intermediary services to 1 trillion yen.

To achieve this goal, the two firms will integrate operations, creating a new asset consulting division within the bank, according to its Tokyo bourse filing on Tuesday.

The alliance will be implemented through a structured, phased transition.

First, Nomura Securities will absorb a portion of the bank's customer accounts for bonds and investment trusts via a corporate split.

The operational handover is scheduled in two key phases: accounts from Nomura's Takamatsu Branch are set to transition around December 2026, followed by the stock-trading accounts of Hyakujushi Bank's customers around May 2027.

This partnership aims to combine the bank's strong regional network with Nomura's investment expertise, focusing on providing sophisticated asset management consulting to clients, primarily in Kagawa Prefecture.

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