Money

BDO acquires 100% ownership of BDO Nomura

Sy-led BDO Unibank Inc. has completed the buyout of Nomura Holdings, Inc.’s 49% stake in BDO Nomura Securities, Inc., marking the end of their partnership.

BDO Nomura will be folded into BDO Securities Corp. which will be reorganized into a full service brokerage firm with an expanded product offering to include non-equity securities.

Nomura said the sale would not have a material impact on its consolidated results.

BDO is the largest bank in terms of total assets, loans, deposits and trust funds under management based on financial statements as of Sept. 30.

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