Nomura to buy public asset management work in Macquarie, Europe

Nomura of the Japanese Investment Bank and the Mediation Group said on Tuesday that it will buy public investment business in North America and the European Macquarie investment company for $ 1.8 billion.

The transfer deal is expected to be completely closed by the end of this year, taking into account organizational approvals.

“She has set the global asset management as a major strategic growth priority for the organization,” Nomura said, adding that this will increase the assets subject to the management of the investment management department to 770 billion dollars, up from $ 590 billion currently.

Macquari said It will retain its public investment business in Australia, as it will continue to serve individual institutions, governments and investors.

As part of the transaction, Macquarie and Nomura also agreed to cooperate in product and distribution opportunities.

This includes that Nomura is the partner of wealth distribution in Macquarie, who will witness customers in the United States still get the alternative Macquarie investment capabilities.

The two companies said that Nomura had committed to providing seed capital for a group of alternative boxes designed for American wealth customers.

Nomura said that the impact of the transaction on the financial statements of the company will be “minimal”, and the two companies will continue to work separately and independently until the deal is closed.