Nomura Signs MOU for Comprehensive Business Alliance with San-in
Godo Bank and Gogin Securities
Tokyo, August 26, 2019Nomura Securities Co., Ltd., a wholly owned subsidiary of Nomura
Holdings, Inc., today announced that it has signed a memorandum of understanding (MOU) with San-in Godo Bank, Ltd. and its wholly owned subsidiary Gogin Securities Co., Ltd. Under the MOU, the three companies
will explore a comprehensive business alliance aimed at providing financial intermediary services.
The MOU sets out fundamental principles and other
necessary considerations for entering into the alliance agreement. Execution of the alliance is subject to an evaluation of the alliances impact, regulatory approval, respective company-related approvals as well as the signing of a final
agreement and other necessary agreements. The companies plan to sign the final agreement as well as determine the operational structure under the alliance by the end of December 2019.
Toshio Morita, Representative Director and President of Nomura Securities, said: Nomura aims to become the most trusted partner for our clients. We
provide a wide range of products and services to help clients in local regions throughout Japan build their assets. We have also been working alongside local stakeholders to implement projects to help revitalize local economies. By combining the
strengths of Nomura Group with those of San-in Godo Bank Group, we will work to further strengthen regional revitalization and foster regional growth.
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Background and purpose of the MOU
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Japans aging and declining population has caused major structural changes that continue to affect regional economies. As a result, there is a growing
need for regional financial institutions to provide sophisticated consulting-based services to meet changing business succession needs and individual asset management needs.
San-in Godo Bank and Gogin Securities have an extensive branch office network and strong client base in western Japan.
Together, they provide one-stop banking and brokerage services which include deposit and insurance products. To respond to the increasingly diversified and complex needs of its clients, San-in Godo Bank Group aims to enhance information provision to clients, in addition to strengthening its expertise and infrastructure. San-in Godo Bank Group also plans to
streamline its business to address the macro and micro factors affecting the earnings environment for securities services.
Nomura Securities is one of
the core subsidiaries of Nomura Group. Its mission is to contribute to the creation of an affluent society through its expertise in the capital markets. The firm strives to become the most trusted partner for its clients and their financial
institution of choice. Through its nationwide network of branch offices, Nomura Securities employs a consulting-based sales approach aimed at providing optimal products and services to meet the different needs of its clients.
The planned business alliance will bring together San-in Godo Bank Groups robust regional client base and
Nomuras wealth of expertise in the financial instruments business and full line of products. By integrating their respective strengths, the three companies aim to create a new brokerage business model to provide solutions tailored to the
specific succession and asset management needs of regional clients.