After acquiring the Macquarie asset management business, Nomura (NMR.US) plans to continue "sweeping up" in the United States to expand its territory.
Nomura Securities is seeking to acquire an American fund management company in order to expand its global business.
The CEO of Nomura Holdings, Inc. Sponsored ADR(NMR.US), Japan's largest investment bank and brokerage company, Kentaro Okuda, stated on Friday that the company is looking for acquisition targets for its investment management business in the United States to strengthen the results of last year's $1.8 billion acquisition of Macquarie's U.S. and Europe public asset management business. Okuda said, "After completing this significant investment in the U.S., we are looking for companies or departments that can complement our business."
The acquisition of Macquarie was Nomura Securities' largest acquisition since acquiring assets from Lehman Brothers in 2008 after its collapse, but later Nomura Securities wrote down these assets. Okuda's comments reflect both Nomura Securities' long-standing ambition to become a global company and the progress the company has made in expanding its global business.
Okuda said, "Internationally, we are seen as a global company, but in Japan, people see us as a domestic company. We want to communicate to the public, especially our clients in Japan, the work we do and the profits we create globally."
After achieving record profits in the past two years, Nomura Securities announced its mid-term profit forecast on Thursday, raising it by 50% with the goal of achieving at least 750 billion (US$47 billion) in pretax income by the fiscal year ending in March 2031. Nomura Securities aims to achieve 150 billion in pretax income annually through investment management by March 2031, higher than the previous 100 billion.
Despite concerns about the credibility of global private credit funds in recent months, leading to a surge in redemption requests, Nomura Securities still plans to increase the size of its private credit asset management within its investment management business by 10 times. Nomura Securities aims to manage assets exceeding $5 billion by the end of the 2030-31 fiscal year, compared to only $500 million by March 2026.
Head of Nomura Investment Management Hiroyasu Koike said, "Our private credit balance refers to the allocation of private credit held as investment products, so the risk we bear on our balance sheet is very limited."
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