Signaling for Nomura Holdings Inc. outside the company’s central office of the company in Tokyo, Japan, on Wednesday, October 30, 2024.
Bloomberg | Bloomberg | Getty images
The Japanese investment bank and the Nomura brokerage group said Tuesday that it will buy the public investment business of North America and Europe of the Macquarie Australian Investment Banking Company for $ 1.8 billion.
The cash agreement is expected to be closed at the end of this year, subject to regulatory approvals.
Nomura said he “identified the management of global assets as a key priority of strategic growth for the organization”, added that it would increase assets under the management of its investment management division to $ 770 billion, above the $ 590 billion convincingly.
Macquarie said he will retain his public investment business in Australia, where he will continue with individual institutions, governments and investors.
As part of the transaction, Macquarie and Nomura also agreed to collaborate on products and distribution opportunities.
This includes Nomura as a wealth distribution partner of the United States for Macquarie, which will make customers in the US.
Nomura has pledged to provide seed capital for a variety of alternative funds adapted for American wealth clients, the two companies said.
Nomura said that the impact of the transaction on the company’s finances will be “minimum”, and both companies will continue to operate separately and independently until the agreement is closed.