Japanese investment bank Nomura has announced its acquisition of Macquarie Group's public asset management business in the US and Europe for AUD 2.8 billion (USD 1.8 billion). This strategic move is expected to expand Nomura's global presence while allowing Macquarie to focus on its private market alternatives business, serving institutional, insurance, and wealth markets.
The acquisition will enable Nomura, Japan's largest brokerage, to rapidly scale its operations in Western markets by leveraging Macquarie Asset Management's expertise in equities, fixed income, and multi-asset investments, as well as its established client relationships. Nomura will take over all related assets, investment teams, and operational platforms.
The Philadelphia-based business, which employs over 700 professionals, will retain its current management team. The deal includes Macquarie Management Holdings (US) and its branches in Luxembourg and Austria. The transaction is expected to be completed by the end of 2025.
