(Bloomberg) -- Daiwa Securities Group Inc., Japan's
second-largest securities firm, is expanding into other Asian
markets as rising competition and a shrinking population at home
threaten to crimp profitability for the nation's financial firms.
Daiwa Chief Executive Shigeharu Suzuki hosted a party at
Singapore's Ritz-Carlton hotel last month for about 600 fund
managers, government officials and corporate executives. On his
first trip to the island nation as the president he pledged to
invest 100 billion yen ($821 million) in Asia outside Japan.
Read more at Bloomberg Emerging Markets News
second-largest securities firm, is expanding into other Asian
markets as rising competition and a shrinking population at home
threaten to crimp profitability for the nation's financial firms.
Daiwa Chief Executive Shigeharu Suzuki hosted a party at
Singapore's Ritz-Carlton hotel last month for about 600 fund
managers, government officials and corporate executives. On his
first trip to the island nation as the president he pledged to
invest 100 billion yen ($821 million) in Asia outside Japan.
Read more at Bloomberg Emerging Markets News
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