asset management
Sakana AI and Daiwa Securities Group have advanced their joint artificial intelligence project into full-scale production, beginning development on custom AI tools designed to support wealth management operations. The move follows a proof-of-concept phase initiated under a September 2025 partnership agreement between Sakana AI and Daiwa Securities.
asset management
Consumer-focused private equity firm L Catterton has entered into a definitive strategic capital partnership with Financial Standard, an independent financial advisor (IFA) based in Tokyo. Under the agreement, L Catterton and Financial Standard's current management team will collaborate to accelerate the advisory firm's expansion in
venture capital
Gurugram-headquartered WealthTech platform Centricity Wealth Tech Private Limited has raised INR 280 crore (approximately USD 29 million to USD 33 million) in a Series A funding round led by SMBC Asia Rising Fund. The corporate venture capital fund—jointly established by Japan’s Sumitomo Mitsui Banking Corporation (SMBC) and
asset management
Online brokerage firm Bloomo Securities has launched a new wealth management service, targeting wealthy individuals and pre-retirees in Japan seeking comprehensive, long-term asset management options amid ongoing inflation and yen depreciation. The firm introduced two distinct service tiers based on customer needs and asset sizes: * Advisor Course: Designed
asset management
LUCA Japan, along with its affiliate LUCA GP3 LLC, has completed its multi-tranche fundraising cycle for a venture fund targeting late-stage, unlisted companies in the United States. The procurement process concluded following two investment windows in March and June 2026. The fund successfully raised a total of 4.
asset management
Tokyo-headquartered Amova Asset Management (formerly known as Nikko Asset Management) has officially completed its acquisition of an additional 77.675% equity interest in Malaysia’s AHAM Asset Management Berhad (AHAM Capital). The transaction increases Amova AM’s total ownership stake from 20% to 97.675%, successfully converting AHAM Capital
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 "
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
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
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