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Daiwa Securities Group sets up Italy M&A unit

Daiwa Securities Group Inc. is establishing an M&A advisory unit in Milan through its European M&A headquarters, Daiwa Corporate Advisory Ltd..

The Japanese securities house said in a Sept. 2 release that the new unit, Daiwa Corporate Advisory S.r.l, will be led by Italian industry veteran Alberto Vigo as CEO. The unit is expected to begin operations this month, bringing Daiwa Corporate Advisory's European bases to seven.