Nomura is set to acquire Macquarie’s US and European public asset management business, in a push to expand the firm’s global capabilities.
Chris Willcox
The deal, valued at an all-cash purchase price of $1.8 billion, is expected to close by the end of 2025, subject to customary closing conditions and regulatory approvals, and will see Nomura acquiring Macquarie’s three “Target Companies” in a 100% stock purchase transaction.
Through the move, Nomura will gain $180 billion in retail and institutional client assets across equities, fixed income and multi-asset strategies.
Similarly, the deal aligns with the Japanese company’s aim to expand its global asset management, and Nomura’s investment management franchise’s total assets under management are expected to increase to approximately $770 billion upon completion of the deal, with more than 35% being managed on behalf of clients outside of Japan.
Kentaro Okuda, Nomura president and Group chief executive said: “This acquisition will align with our 2030 global growth and diversification ambitions to invest in stable, high margin businesses.
“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.”
More than 700 Macquarie employees are set to join the Nomura Group. Several senior individuals are set to stay in their existing roles including resident of the Macquarie Funds and head of Americas for Macquarie Group, Shawn Lytle, chief information officer for equities and multi-asset, John Pickard, fixed income chief information officer, Greg Gizzi and Milissa Hutchinson, head of US wealth.
Chris Willcox, Nomura’s chairman of the investment management division added: “This transaction will accelerate the expansion of our global investment management business and will be a significant step in building a truly global franchise with a comprehensive set of solutions to serve investors worldwide.”