banking
Mitsubishi UFJ Financial Group (MUFG) has announced a major strategic overhaul of its retail financial services, centered on the launch of a new digital-first entity created through the merger of Mitsubishi UFJ eSmart Securities and robo-advisor pioneer WealthNavi. The move marks the next phase of MUFG’s "Emutto"
broker/dealer
Nomura Holdings’ third-quarter results for the fiscal year ending March 31, 2026, provide a clear validation of the firm’s "2030 Management Vision." Achieving a Return on Equity (ROE) of 10.3%, the group has now successfully met its 8%–10% target range for the seventh consecutive quarter.
mergers & acquisitions
Ambit Global Private Client, the wealth management arm of the Ambit Group - one of India’s premier financial services conglomerates, announced a landmark strategic development. Daiwa Securities Group has entered into a definitive agreement to acquire a minority stake in Ambit Wealth Private Limited. This all-primary capital infusion of
asset management
SBI Holdings, SBI Securities, Sumitomo Mitsui Financial Group, Sumitomo Mitsui Banking Corporation, and SMBC Nikko Securities announced on June 16, 2025, the establishment of a preparatory company to plan and provide new joint services, subject to approval by relevant authorities. They have now established Olive Consulting as the next step
broker/dealer
Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, intends to acquire WealthKernel, a wealthtech firm specializing in digital investment infrastructure and tax-advantaged products. This strategic acquisition will bring WealthKernel’s UK and EU licensed brokerage infrastructure to Alpaca, supporting their rapid global expansion to achieve its mission of opening financial
asset management
Sumitomo Mitsui Financial Group and its subsidiary SMBC Global Investment & Consulting (SGIC) have announced that Ken Kobayashi has been appointed as President and Representative Director of SGIC effective April 1, 2025. By welcoming a professional with over 30 years of experience in the asset management field, SMBC Group aims
wealth management
WealthNavi, the provider of “WealthNavi,” the top Japanese robo-advisor in terms of assets under management and number of users, announced that assets under management reached 1.4 trillion yen as of January 23, 2025, approximately 8 years and 6 months since the official release in July 2016. Also, MUFG'
asset management
Endowus has increased its total funding to over US$110 million. The digital wealth advisory platform raised an additional US$17.5 million following from their US$35 million raise in August 2023 to take the total for this round to US$52.5M. New investors include Malaysia-based OSK Ventures
wealth management
WealthNavi has revised upwards its earnings forecasts for the fiscal year ending December 31, 2024, (FY2024) which was previously announced on August 9, 2024. Note that in the interim, MUFG Bank has made a tender offer for all outstanding shares and stock acquisition rights of WealthNavi, a publicly traded robo-advisor