Japan’s Nomura to acquire Macquarie’s asset management units in US, Europe

Nomura will acquire Macquarie Group’s public asset management operations in the US and Europe for about USD1.8 billion, in a deal set to boost the Japanese bank’s global presence. The acquisition includes equities, fixed income, and multi-asset investment capabilities, along with key client relationships and over 700 staff, mostly in Philadelphia. Nomura will also take over Macquarie units in the US, Luxembourg, and Austria. The deal, expected to close by end-2025, will raise Nomura’s total assets under management to about USD770bn, with over 35% from clients outside Japan. Macquarie will focus on private markets alternatives and retain its domestic public investments business. Both firms will collaborate on product and distribution under the agreement.