is the division of

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

that operates in Japan. It provides

investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

services.

History

Nikko Cordial Nikko Cordial Corporation was the holding company for Nikko Cordial Securities, Japan's third largest brokerage until 2008, when Nikko Cordial Corporation became a wholly owned subsidiary of Citigroup; upon completion of share exchange, it merged ...

and

established a joint venture in Japan in 1999, later called Nikko Citigroup, which operated through a "branch office" in

Naha is the Cities of Japan, capital city of Okinawa Prefecture, the southernmost prefecture of Japan. As of 1 June 2019, the city has an estimated population of 317,405 and a population density of 7,939 people per km2 (20,562 persons per sq. mi.). ...

, Japan under the trade name . In October 2007, after acquiring a 68% interest earlier in the year, Citigroup acquired the minority interests in Nikko Cordial. In September 2009, Citigroup sold Nikko Cordial to

Sumitomo Mitsui Financial Group , initialed as SMFG until 2018 and SMBC Group since, is a major Japanese multinational financial services group and holding company. It is the parent of Sumitomo Mitsui Banking Corporation (SMBC), SMBC Trust Bank, and SMBC Nikko Securities. SMB ...

. The investment banking business remained as Citigroup Global Markets Japan.

References

External links

* Citigroup Financial services companies based in Tokyo {{finance-company-stub