Daiwa Sees ‘Profound Impact’ of Brexit on Its London Operations

  • Bank says it would need to set up new entity in another nation
  • Japanese brokerage is latest firm to warn employees of effect

Brexit Polls Are Narrowing

Daiwa Securities Group Inc., a Japanese brokerage with operations in the U.K., would have to set up a business in the European Union that replicates or replaces some functions in London if Britain votes to leave the bloc, according to a memo to employees.

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