Japanese investment bank Nomura Holdings has announced plans to acquire Macquarie Group’s public asset management operations in the United States and Europe for A$2.8 billion (US$1.8 billion), in a move aimed at strengthening its global asset management presence.
The acquisition will include all public investment assets, operating platforms, and investment teams in both regions, while retaining the current management structure. The deal is expected to close by the end of 2025.
Nomura President and Group CEO Kentaro Okuda said the acquisition would be “transformational” for the bank’s investment management division outside Japan. “It adds significant scale in the U.S., strengthens our platform, and provides opportunities to build our public and private capabilities,” he said.
This move marks another major international acquisition by a Japanese firm, as the country’s corporations increasingly look abroad for expansion amid a shrinking domestic market. The asset management sector has become a key growth driver for Japanese financial institutions, offering more stable, fee-based income streams that are less sensitive to market volatility.
Macquarie, Australia’s largest investment bank by assets, will retain its public investments business in its home market and continue operating a broad-based asset management platform that includes both public and private markets.
As part of the agreement, Macquarie will collaborate with Nomura on product development and distribution.
Following completion of the transaction, Nomura’s assets under management are expected to rise from US$590 billion to approximately US$770 billion.–REUTERS
