Daiwa Pauses M&A Hiring as Tariff Uncertainty Chokes Deal Flow

Daiwa Securities Group Inc. boss Akihiko Ogino said the Japan brokerage won’t be pushing to add staff working on mergers and acquisitions, providing a downbeat assessment on the impact to dealmaking from US President Donald Trump’s trade policy.

“We had originally planned to steadily increase the headcount, but I have issued an instruction to hold it for a bit,” Ogino said in a recent interview.