Type K.K. Industry Brokerage Headquarters Chūō, Tokyo, Japan | Traded as TYO: 8603
SGX: N06 Subsidiaries Monex
Nikko Citigroup Founded 1 April 1944 | |
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Fate Merger with Citigroup Japan Holdings Ltd. Successor Citigroup Japan Holdings Corp. Parent organizations Sumitomo Mitsui Banking Corporation, Citigroup | ||
Nikko Cordial Corporation (株式会社日興コーディアルグループ, Kabushiki-gaisha Nikkō Kōdhiaru Gurūpu) (TYO: 8603, SGX: N06) 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 with Citigroup Japan Holdings Ltd. to form Nikko Citi Holdings Inc., before changing its name to Citigroup Japan Holdings Corp. in 2009.
In October 2009, all of the operations of Nikko Cordial Securities and certain businesses of Nikko Citigroup, such as the domestic stock and bond underwriting business among others, were sold to Sumitomo Mitsui Banking Corporation (a wholly owned subsidiary of Sumitomo Mitsui Financial Group), before being reorganized into a new subsidiary company, SMBC Nikko Securities Inc., in April 2011.