Reports for Nomura Holdings Inc. outside the company’s headquarters from the company in Tokyo, Japan, Wednesday, October 30, 2024.
Bloomberg | Bloomberg | Getty images
The Japanese investment bank and the brokerage group, Nomura, said on Tuesday that it would buy the North American and European public investment activity of the Australian Investment Bank Macquarie for $ 1.8 billion.
The agreement on all cases should end by the end of this year, subject to regulatory approvals.
Nomura said it “identified global asset management as a key strategic growth priority for the organization”, adding that this would increase assets under the management of its investment management division to $ 770 billion, against $ 590 billion currently.
Macquarie said It will retain its public investment activities in Australia, where it will continue to serve institutions, governments and individual investors.
As part of the transaction, Macquarie and Nomura have also agreed to collaborate on product and distribution opportunities.
This includes Nomura being an American wealth distribution partner for Macquarie, who will see customers in the United States still having access to alternative macquarie investment capacities.
Nomura is committed to providing seed capital for a range of alternative funds adapted to American wealth customers, the two companies said.
Nomura said that the impact of the company’s finance transaction will be “minimal” and that the two companies will continue to operate separately and independently until the agreement is concluded.
