New Nikko Cordial kicks off operations as Sumitomo Mitsui unit

TOKYO, Japan - Eiji Watanabe (2nd from L), president of Nikko Cordial Securities, Sumitomo Mitsui Banking Corp. President Masayuki Oku (2nd from R) and other officials shake hands in front of the new logo of Nikko Cordial Securities Inc. at its headquarters in the Kabutocho financial district in Tokyo on Oct. 1, 2009. The company began operations the same day as a wholly owned unit of SMBC after the completion of the bank's acquisition of the retail brokerage house from Citigroup Inc. of the United States. (Kyodo)

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