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Japan's Nomura expands wealth management business in Dubai

Japanese financial services group Nomura is broadening its wealth management business in Dubai with a new office in the Dubai International Financial Centre (DIFC). The company has procured a category 4 licence from the Dubai Financial Services Authority (DFSA) to provide services to high-net-worth clients in the region. A DIFC category 4 licence allows companies to carry out financial activities linked to asset management, such as fund management, investment advice, and portfolio management. This development aligns with Nomura’s strategy, announced last year, to open a Nomura Singapore branch in DIFC, seeking to expand its client base and increase the presence of its relationship managers to seize growth opportunities.


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