Chairman of the Board of Daiwa Securities Group visits the MICEX Stock Exchange
October 9, 2007
Today the delegation of representatives of Daiwa Securities Group Inc., one of Japan’s leading investment corporations, headed by the Chairman of the Board Yoshinari Hara, has visited the MICEX Stock Exchange.
The parties discussed the issues of cooperation between the Stock MICEX Exchange and Daiwa Securities Group Inc., including the attraction of Japanese investments to the Russian stock market, and the widening of the investment base of Russian companies-issuers.
According to Mr. Yoshinari Hara, Japanese investors display considerable interest in emerging markets, in particular, Russia. Daiwa Securities Group intends to energize its work on the Russian market.
The CEO of the MICEX Stock Exchange Alexei Rybnikov noted that as the MICEX Stock Exchange is the main global center of liquidity and price formation for Russian financial assets, foreign investors’ interest in operating on the Russian exchange-based ruble market has grown considerably. The share of foreign investors in the Exchange’s turnover has exceeded 30%.
The parties expressed their assurance that the attractiveness of Russian companies as objects of investments will grow thanks to a stable economic situation in Russia and improvements in corporate governance.
Daiwa Securities Group Inc. is one of Japan’s leading investment corporations. Daiwa Securities carries on investment business on the Japanese and international capital markets. The Group is comprised of Daiwa Securities Co., Daiwa Securities SMBC Co., Daiwa Asset Management Co., Daiwa Institute of Research and other organizations. Daiwa Securities SMBC Corporation was established in 1999 as a joint venture formed by Daiwa Securities Investment Company and Japan’s third largest bank SMBC. In Japan, Daiwa Securities Group Inc. ranks first among authorized organizers of IPOs.
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