Nikko Cordial and Citigroup established a joint venture in Japan in 1999, later called Nikko Citigroup, which operated through a "branch office" in Naha, Japan under the trade name Nikko Salomon Smith Barney Securities (日興ソロモン・スミス・バーニー証券, Nikkō Soromon Sumisu Bānī Shōken).

[citation needed] In October 2007, after acquiring a 68% interest earlier in the year, Citigroup acquired the minority interests in Nikko Cordial.

[1] In September 2009, Citigroup sold Nikko Cordial to Sumitomo Mitsui Financial Group.

[2][3] The investment banking business remained as Citigroup Global Markets Japan.

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