BANCO de Oro Unibank Inc. (BDO), majority-owned by the country’s richest man and mall developer Henry Sy, signed a joint venture deal on Wednesday with Nomura Asia Investment (Singapore) Pte. Ltd. for PCIB Securities Inc.

PCIB Securities Inc., a securities dealer and broker with a seat in the Philippine Stock Exchange (PSE), will be renamed BDO Nomura Securities Inc., following the agreement.

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