Daiwa Securities to acquire a minority stake in Ambit.

Daiwa Securities, an investment bank, agreed to acquire a minority stake in Ambit, a provider of financial advice and capital. Financial terms were not disclosed. “Pan-Asia ex Japan is a key region where we have the biggest business operations other than Japan. Especially, we see India as a strategically important country, which is expected to grow in the long run. Ambit Group has dealt with securities businesses and NBFC businesses, which enables them to provide the most proper solution to various client segments. I’m pleased that Daiwa will be able to offer more investment opportunities to our clients with Ambit Group, thanks to this renewed business partnership,” Seiji Nakata, Daiwa President and CEO.