Daiwa Pauses M&A Hiring Amid Trade Uncertainty
Company - People | Jun 03, 2025 | EIN
Daiwa Securities, Japan's second-largest brokerage, has decided to pause its hiring efforts in mergers and acquisitions (M&A) owing to uncertainties stemming from U.S. President Donald Trump's trade policies. Akihiko Ogino, Daiwa's boss, informed in a recent interview that plans to increase the company's M&A headcount would be held back due to the current global trade policy environment. This decision reflects broader trends in the financial sector, where anticipation of declining investment banking fees has emerged amid ongoing trade turbulence.
Sectors
- Financial Services
- Investment Banking
- Global Trade
Geography
- Japan – Daiwa Securities is based in Japan and is the second-largest brokerage in the country.
- United States – The current U.S. trade policies under President Trump are impacting financial decisions at Daiwa and other global finance firms.
Industry
- Financial Services – Daiwa Securities operates within the financial services sector, specifically focusing on brokerage and investment banking, which are impacted by global trade policies.
- Investment Banking – The article discusses investment banking hiring trends and fees, directly related to Daiwa Securities’ M&A division.
- Global Trade – U.S. trade policies are affecting global trade dynamics, impacting financial operations and hiring decisions at firms like Daiwa.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Daiwa Securities | Brokerage | Company | Japan's second-largest brokerage, actively involved in mergers and acquisitions. |
| Akihiko Ogino | CEO | People | CEO of Daiwa Securities, providing insight into the impact of trade policies on M&A hiring. |
| Donald Trump | U.S. President | People | Former U.S. President whose trade policies are impacting global financial and M&A strategies. |