Nomura Targets US Asset Management Deals After $1.8bn Macquarie Acquisition
NMR•Nomura Holdings plans further US asset management acquisitions after its $1.8bn Macquarie buy, targeting products that complement its existing public asset operations. It raised its medium-term pre-tax profit goal by 50% to ¥750bn by March 2031 and aims for ¥150bn from investment management and over $5bn in private credit AUM.
1. US Acquisition Strategy
Nomura’s CEO Kentaro Okuda said that after the $1.8bn purchase of Macquarie’s US and European public asset management operations, the firm is scouting additional US investment management companies or divisions with complementary products.
2. Profit Outlook Revision
Following stronger earnings, Nomura raised its medium-term pre-tax income target by 50%, setting a new goal of ¥750bn for the year ending March 2031 and boosting the investment management profit target to ¥150bn annually.
3. Private Credit AUM Target
The investment management division aims to expand private credit assets under management tenfold, targeting over $5bn by fiscal 2031, up from $500m in the year ended March 2026, while maintaining minimal balance-sheet exposure.
4. OpenAI Collaboration
Nomura signed a collaboration with OpenAI to integrate Deep Research tools and technical support, aiming to develop and deploy new technology-driven services for its investment management clients.
