Nikko Cordial
| K.K. | |
| Traded as |
TYO: 8603 SGX: N06 |
| Industry | Brokerage |
| Fate | Merger with Citigroup Japan Holdings Ltd. |
| Successor | Citigroup Japan Holdings Corp. |
| Founded | April 1, 1944 |
| Headquarters | Chuo, Tokyo, Japan |
| Parent | Nikko Cordial Securities |
| Subsidiaries | |
| Website |
nikko |
Nikko Cordial Corporation (株式会社日興コーディアルグループ Kabushiki-gaisha Nikkō Kōdhiaru Gurūpu) (TYO: 8603, SGX: N06) was the holding company for Nikko Cordial Securities, Japan's third largest brokerage until 2008, when Nikko Cordial Corporation became a wholly owned subsidiary of Citigroup; upon completion of share exchange, it merged with Citigroup Japan Holdings Ltd. to form Nikko Citi Holdings Inc., before changing its name to Citigroup Japan Holdings Corp. in 2009.
In October 2009, all of the operations of Nikko Cordial Securities and certain businesses of Nikko Citigroup, such as the domestic stock and bond underwriting business among others, were sold to Sumitomo Mitsui Banking Corporation (a wholly owned subsidiary of Sumitomo Mitsui Financial Group), before being reorganized into a new subsidiary company, SMBC Nikko Securities Inc., in April 2011.[1]
Nikko Cordial subsidiaries
- Monex - Retail securities firm
- Nikko antfactory - Asset management firm
- Nikko Asset Management - Asset management firm
- Nikko Citigroup - Joint venture with Citigroup involved in investment banking, trading and research.
- Nikko Cordial Securities - Retail and corporate securities firm
- Nikko Investor Relations - Wholesale securities firm
- Nikko Principal Finance - Merchant banking firm
- Nikko Principal Investments - Merchant banking firm
- Simplex Investment Advisors - Asset management firm
References
External links
- (English) Nikko Cordial Corporation