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Bao Viet Securities teams up with Tokai Tokyo

Released at: 10:55, 18/09/2017

Bao Viet Securities teams up with Tokai Tokyo

Illustrative image (Source: cafef.vn)

Two to cooperate in investment banking and jointly provide market research and financial products to individual investors.

by Quang Huy

Japan’s Tokai Tokyo Financial Holdings (Tokai Tokyo) is forming an operational tie-up with Vietnam’s Bao Viet Securities as part of its broader push to expand its business in Asia, under which it may acquire a stake in the Vietnamese securities firm in the future, foreign newswire Nikkei Asian Review has reported.

The two partners are looking to cooperate in the investment banking sector as well as jointly provide market research reports and financial products for individual investors. They will also exchange employees for training.

Tokai Tokyo will use the tie-up to broker acquisitions of local firms by Japanese corporate clients. The company has particularly deep connections with manufacturers in Nagoya. Vietnam aims to attract foreign capital amid efforts to equitize State-owned enterprises.

Bao Viet Securities is a subsidiary of Bao Viet Holdings, Vietnam’s largest State-affiliated financial group. Last year, Bao Viet Securities was named by the Global Banking & Finance Review as “Best Brokerage House Vietnam” and “Best Equity House Vietnam”.

Founded in 1929, Tokai Tokyo has evolved to become a financial service group, with securities brokerage firm Tokai Tokyo Securities as its operating nucleus. The company has vigorously pursued joint venture securities operations with regional banks in order to build a strong customer network.

Through its subsidiaries and affiliates, Tokai Tokyo offers a comprehensive range of products and solutions to meet the financing and asset management needs of two high-priority customer segments: medium-sized businesses and high-net-worth individuals. The company has subsidiaries involved in trading and brokerage, underwriting and sale of securities, and other activities associated with financial instruments.

Tokai Tokyo directly engages in the securities business abroad through two subsidiaries: the London-based Tokai Tokyo Securities Europe and the Hong Kong-based Tokai Tokyo Securities (Asia). It has also established an information gathering subsidiary in the US and a fund management subsidiary in Singapore.

Tokai Tokyo has expanded its partner network to Asia, Europe, and the US, thereby globalizing the company’s portfolio. Tokai Tokyo’s key business partners in Asia have come to include Guotai Junan Securities in China, Daewoo Securities in South Korea, and Saigon Securities in Vietnam.

As at the end of the second quarter of this year, Bao Viet Securities ranked fifth by market share on the Ho Chi Minh Stock Exchange (HoSE), the country’s main bourse. Saigon Securities ranked first with a market share of 15.35 per cent, followed by Ho Chi Minh City Securities (HSC), Viet Capital Securities (VCSC), and VNDirect Securities (VNDS), with 9.38 per cent, 6.8 per cent, and 6.74 per cent, respectively, of market share on HoSE.

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