• Bloomberg


SMBC Nikko Securities Inc., the brokerage arm of the nation’s second-biggest bank by market value, opened an office in San Francisco at the beginning of this month to tap overseas investors’ demand for Japanese equities.

The unit of Sumitomo Mitsui Financial Group Inc. will also double the size of its Hong Kong office by Dec. 31, adding a second floor in Citibank Tower, said Tadataka Ishida, a Tokyo-based spokesman at SMBC Nikko.

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