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CSK to take 50% stake in Cosmo Securities

TOKYO, Japan - Takahiro Suzuki (L), chief financial officer of Information services provider CSK Corp. speaks as Cosmo Securities Co. Executive Managing Director Takashi Motohashi listens at a press conference in Tokyo on March 25. CSK will become the largest shareholder in Cosmo Securities by buying a roughly 50% stake in the mid-ranking brokerage house from Resona Bank.

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CSK to take 50% stake in Cosmo Securities

TOKYO, Japan - Takahiro Suzuki (L), chief financial officer of Information services provider CSK Corp. speaks as Cosmo Securities Co. Executive Managing Director Takashi Motohashi listens at a press conference in Tokyo on March 25. CSK will become the largest shareholder in Cosmo Securities by buying a roughly 50% stake in the mid-ranking brokerage house from Resona Bank. (Kyodo)

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Nomura Real Estate executive to become Cosmo Securities head

OSAKA, Japan - Cosmo Securities Co. has informally appointed Nomura Real Estate Development Co. Managing Director Haruhiko Moriyama (file photo) as president to succeed Tomoaki Murakami, who will become chairman, officials at the brokerage affiliated with Resona Bank said March 14. The appointments will be formalized at a board meeting of the Osaka-based brokerage in June. (Kyodo)