Citigroup fully acquires Nikko, to replace president

TOKYO, Japan - Douglas Peterson, chief executive officer of Citigroup Japan Holdings Ltd., speaks during a news conference in Tokyo on Jan. 29 as Citigroup Inc. fully acquired Nikko Cordial Corp. through a stock swap deal the same day. Peterson will become president of Japan's third-largest brokerage house on Jan. 30, replacing Shoji Kuwashima.

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