Nomura Asset Management (NAM), the Japanese holding company, has invested $25m in 8 Securities, a fintech company also based in Japan, it was announced yesterday. NAM will acquire ordinary shares issued by 8 Securities and 8 Limited. NAM plans to invest around 1.6bn yen ($15m) in 8 Securities and will hold a majority of the outstanding shares. The investment in 8 Limited will be approximately 1.1bn yen, and NAM will become a minority shareholder. NAM intends to make the respective investments in early April. Based in Japan, 8 Securities provides discretionary robo-advisory service...
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