Nomura to Acquire Macquarie's U.S. and European Asset Management for $1.8 Billion

Economy

Nomura to Acquire Macquarie's U.S. and European Asset Management for $1.8 Billion

1 month ago

News sources:

CHANNELNEWSASIA

BLOOMBERG 2

REUTERS

Nomura to Acquire Macquarie's U.S. and European Asset Management for $1.8 Billion

Credited from: CHANNELNEWSASIA

Nomura is acquiring Macquarie's U.S. and European asset management units for $1.8 billion.
This marks Nomura's largest overseas acquisition since purchasing Lehman Brothers assets.
The deal aims to enhance Nomura's presence in Western markets and diversify its earnings.

Japan's Nomura Holdings Inc. has announced its agreement to acquire Macquarie Group Ltd.'s U.S. and European public asset management business for $1.8 billion. This significant move will bolster Nomura's operational scale and capabilities in Western markets, ramping up its investment offerings across equities, fixed income, and multi-asset strategies, while integrating all related assets and teams.

according to channelnewsasia and bloomberg.

This acquisition, described as Nomura's "biggest deal since Lehman," is portrayed as a strategic bet on a rebound in the U.S. markets, especially amid current financial turmoil. The move is seen as a way for Nomura to signal confidence to clients, while enhancing its investment product range.

reports bloomberg and reuters.

Macquarie, under the leadership of Shemara Wikramanayake, strategically divests this unit which manages around $180 billion in assets, a decision reflecting the challenging dynamics of the asset management industry. The sale will allow Macquarie to refocus on more lucrative sectors, while Nomura aims to expand its in-house options for Japanese clients.

according to reuters and bloomberg.