The acquisition will add approximately $180bn in assets under management and will grow Nomura's investment management platform to $770bn. The deal is expected to close by the end of 2025, subject to regulatory approvals. 'This transaction gives us a solid platform in the high-growth US market and significantly accelerates our global ambitions,' said Nomura CEO Kentaro Okuda. Post-transaction, around 60% of Nomura's investment management revenue will come from outside Japan'up from 30% today. The move forms part of Okuda's broader strategy to reduce dependence on volatile investment banking and trading revenues, particularly in the wake of the group's $2.9bn hit from the Archegos collapse in 2021. It also positions Nomura to capitalise on a shift in Japanese household wealth from deposits into higher-yielding investments. Macquarie's exit reflects its growing focus on private markets. The Australian group originally entered the public asset management space via its $428m acquisition...
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