Banking Business Review
Anonymous User | Login

Citi To Sell NikkoCiti Trust And Banking To Nomura

Published: 01-Jul-2009

Nomura Trust will pay approximately $197million

Japan’s Nikko Citi Holdings, a subsidiary of Citigroup, has announced that a definitive agreement has been executed to sell all of the shares of NikkoCiti Trust and Banking Corporation to Nomura Trust & Banking Co.

Nomura Trust will pay an all-cash consideration of $197 million, subject to certain purchase price adjustments, at the closing. The sale is expected to close in the fourth quarter of 2009, pending regulatory approvals and other closing conditions.

Douglas Peterson, CEO of Nikko Citi Holdings, said: This transaction is in line with Citi's stated global priority to allocate capital and focus its resources on the best growth opportunities. Citi will maintain a strong presence in securities services and transaction services in Japan. We see significant opportunity for these businesses in Japan, which play to Citi's key strengths.

Share

Mail sent successfully

Tell your friend about this article


Please enter a valid email address

Please enter your name

Please enter the mail body


Your Name: *
Your Email: *
Friend's Email: *
Email Body: *
 

Suppliers To This Sector

Browse A-Z

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Xenomorph

Data and Analytics Management ...

VASCO

Strong Authentication and e-Signature, Specialising in Online Accounts, Identities and Transactions ...

Turku

A Superb Location for Doing Business in Northern Europe ...

Trionis

A Single Connection to the World ...

Todos AB

Security for eBanking and eCommerce ...

Sterling Commerce

Software for Business Collaboration Networks ...

White Papers

Browse A-Z

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Use of Voice Biometrics in Smart Card Applications

Many organisations have implemented or are looking into smart card solutions. The objectiv ...

Tower Group Report: Global Exchange Consolidation

This 12-page TowerGroup report analyses the rapidly consolidating exchange market, examine ...

The Value of a Comprehensive Integration Solution

Many enterprises are currently spending more on integration-related projects than they nee ...

The Next Big Thing

Before the credit crisis, lenders started to look more strategically at outsourcing as a v ...

The Business Case for Automating Document Driven Business Processes

This white paper provides a compelling case for taking an enterprise approach to automatin ...

The Benefits Of Automation For The Front Office

The increase in ultra high net worth families around the world — especially in the emergin ...

Related Companies

Citigroup Inc.

Citigroup Inc. (Citigroup) is a diversified financial services holding company based in ...

HSBC Holdings plc

HSBC Holdings plc (HSBC) is one of the largest banking and financial services companies ...

Deutsche Bank AG

Deutsche Bank AG (Deutsche Bank) is a global investment bank. The bank offers a wide ra ...

Wells Fargo & Company

Wells Fargo & Company is one of the world’s leading companies with asset owned and unde ...

U.S. Bancorp

U.S. Bancorp (Bancorp) is one of the largest commercial bank in the US. The company is ...

Suppliers Product News

Xenomorph TimeScape Helps Theoriem Cut Time Spent Managing Data by Up To 90%

Data management and analytics solution enables firm to formulate ideas in minutes.

LBBW Chooses Xenomorph for Data Management in Risk Control

ProCapital Selects Xenomorph TimeScape for Reference and Market Data Management

VASCO Data Security and MoadBus Partnering to Deliver Digital Signature for Mobile Banking and Mobile Cash Solutions

VASCO Data Security International Inc (Nasdaq: VDSI), a leading software security company specialising in authentication products, and MoadBus, a software products and services provider to the international financial sector, have announced they have joined forces to deliver digital signature on mobile banking and mobile cash solutions to joint customers.

KBC Securities Secures Bolero Customers with VASCO's DIGIPASS 270

VASCO Data Security International Inc (Nasdaq: VDSI), a leading software security company specialising in authentication, and KBC Securities, the largest brokerage company in Belgium, have announced that KBC Securities is using DIGIPASS® 270 to secure its Bolero customers. The introduction of DIGIPASS for Bolero customers coincides with the launch of the new Bolero website.

VASCO Data Security and MoadBus are Partnering to Deliver Digital Signature for Mobile Banking and Mobile Cash Solutions

VASCO Data Security International Inc (Nasdaq: VDSI), a leading software security company specialising in authentication products, and MoadBus, a software products and services provider to the international financial sector, have announces that they have joined forces to deliver digital signature on mobile banking and mobile cash solutions to joint customers.

Free Newsletter Sign-up

Sign up, and we will send you a free Hang Seng Bank Limited - Financial and Strategic Analysis Review from GlobalData worth $750

Please enter a valid email address