Nikko Cordial Securities, a Tokyo-based financial services firm, has taken a minority stake in Asset Alliance Corporation, a US-based alternative investment management firm with $4.3bn (€4.8bn) in assets.

Nikko Cordial Securities is active in managing and distributing alternative investment products in Asia and throughout the world.

Nikko Cordial Securities buys stake in Asset Alliance

Niki Natarajan

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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