Barclays Capital, the U.S. investment banking subsidiary of London-based Barclays Bank, said Thursday that it has agreed to purchase Daiwa Securities' global equity financing unit for an undisclosed sum.

The acquisition includes a prime brokerage business and related securities lending activities, including collateralized equity financing. Among the 52 Daiwa professionals joining Barclays, about 30 will work in New York and the others will join the bank's London and Hong Kong offices.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.