Daiwa Securities to acquire a 5% stake in Credit Saison.

Daiwa Securities, a Japanese holding company, acquired a 5% stake in Credit Saison, a consumer credit company. Financial terms were not disclosed. Through cooperation, mutual utilization of client networks, and the promotion of open innovation, the two companies can develop and provide next-generation comprehensive financial services which meet the diversified needs of the current market. In addition, a long-term partnership will enable both parties to collaborate and create the future of finance.