The private and public credit offerings of global financial services firm Nomura will operate under a new single brand in the US and wider Americas region.
The collective asset and investment management capabilities of the firm’s Americas region will be integrated under Nomura Capital Management, a subsidiary of Nomura Holding America.
The new entity will incorporate the private credit business of the discontinued Nomura Private Credit and the public credit business of Nomura Corporate Research and Asset Management, which will continue independently as a boutique credit boutique.
Nomura has been active in the US investment management market for fifty years, and the creation of NCM is part of a strategy to grow the investment management business to provide a larger share of the global group’s overall results.
“The Americas represent a very important market for Nomura and the creation of NCM allows us to maximize our efforts to further grow our investment management business and provide our clients with more investment strategies and choices over time,” said Yoshihiro Namura, senior managing director of Nomura Holdings, Inc., and head of investment management.
Robert Stark, previously CEO of Nomura Private Capital business, becomes CEO of NCM while continuing as head of investment management in the Americas.
“NCM was created to tap into growing demand from U.S. institutional and intermediary investors for credit market expertise. The alignment of our capabilities and more than 30 years of deep experience in U.S. asset management shows Nomura Group’s commitment to further grow and strengthen its investment management business globally,” said Stark. “NCM will play a major role delivering value to clients in both public and private credit markets in the Americas.”
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income