[BENGALURU] Japanese investment bank Nomura will acquire Macquarie Group’s public asset management operations in the United States and Europe for A$2.8 billion (S$2.3 billion), the companies said on Tuesday (Apr 22).
The deal will bolster Nomura’s global presence, while allowing the Australian financial conglomerate to focus on its private markets alternatives business serving institutional, insurance and wealth markets, Macquarie said.
The acquisition will provide Japan’s largest brokerage immediate scale in Western markets through Macquarie Asset Management’s equities, fixed income, and multi-asset investment capabilities, along with established client relationships.
Nomura will acquire all relevant assets, investment teams and operating platforms. The Philadelphia-based business, employing over 700 people, will retain its existing management team.
The transaction, which includes Macquarie Management Holdings (US) and Macquarie Investment Management Holdings units in Luxembourg and Austria, is expected to close by the end of 2025.
“It will be transformational for our investment management division’s presence outside of Japan, adding significant scale in the US, strengthening our platform, and providing opportunities to build our public and private capabilities,” said Kentaro Okuda, Nomura’s president and group CEO.
Macquarie Group, Australia’s biggest investment bank by assets, will retain its public investments business in its domestic market, where it plans to continue operating a comprehensive asset management business spanning both public and private markets.
The Australian financial conglomerate said that, as part of the deal, it would collaborate with Nomura on product and distribution.
Upon the deal’s completion, Nomura’s total assets under management within its investment management franchise are expected to increase to around US$770 billion, with more than 35 per cent of these assets managed on behalf of clients based outside Japan, Nomura said. REUTERS
