Jan 29 Daiwa Securities Group Inc (8601.T) will
name Deputy President Takashi Hibino as its new president
effective April 1, replacing Shigeharu Suzuki, the Nikkei
business daily said.
The 63-year-old Suzuki will become chairman without
representative rights, and the current chairman, Akira Kiyota,
aged 65, will retire, Nikkei said.
The company's board is expected to approve the appointments
next week, the paper reported.
Hibino will also serve as president of retail unit Daiwa
Securities Co and wholesale unit Daiwa Securities Capital
Markets Co, the paper said.
(Reporting by Mayuresh Tungare in Bangalore)