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BDO Unibank JV unit changes name

BDO UnibankInc. said joint venture unit PCIB Securities Inc. has been renamedBDO Nomura Securities Inc.

The company's board had approved the name change in January.

The name change is part of BDO Unibank's with in June 2015 toturn PCIB Securities into a joint venture. Under the terms of the agreement,the Philippine bank will hold a 51% stake in the venture, while Nomura will ownthe remainder.

Nomura completed its investment in the joint venture in January.