Daiwa aims for top five spot in global mid-cap M&A advisory

TOKYO: Daiwa Securities Group Inc aims to be among the top five banks in merger and acquisitions (M&A) advisory services for mid-cap deals by financial year 2030 as Japan’s second-largest brokerage and investment bank accelerates its global push, its chief executive says.

“We are still in an expansion phase right now, where we need to spend upfront costs to hire more bankers and buy boutique firms for top line growth,” chief executive Seiji Nakata said in an interview.