3. Banking-Securities collaboration in the wholesale securities nbaブックメーカー

As for the investment banking business such as underwriting corporate securities, nbaブックメーカー maintained the previous collaboration between the former Sumitomo Bank and Daiwa Securities Group. In April 2001, the entire business of Sakura Securities and part of the wholesale securities business—such as the M&A advisory—of the former Sakura Bank were transferred to Daiwa Securities SB Capital Markets. At the same time, the securities company changed its name to Daiwa Securities nbaブックメーカー Co., Ltd., which took part in nbaブックメーカー Group as a wholesale securities business unit (ownership: 40% by nbaブックメーカー, 60% by Daiwa Securities Group).

nbaブックメーカー and Daiwa Securities nbaブックメーカー pursued divisional cooperation to promote the M&A advisory business, with the former engaging with mid-cap corporate customers and the latter accommodating large listed companies and cross-border M&As.

While promoting the wholesale securities business in the banking-securities collaboration framework, nbaブックメーカー focused on providing advanced financial products through unconventional financing methods, such as syndicated loans, the liquidation of receivables, structured finance, and real estate non-recourse finance. At nbaブックメーカー, the Investment Banking Unit was in charge of these businesses.