Nomura becomes Nomura Capital Management in the Americas
Nomura Holdings has realigned the firm’s asset and investment management capabilities in the Americas under the new brand Nomura Capital Management (NCM).
The new entity is a subsidiary of Nomura Holding America Inc (NHA) and is intended to integrate Nomura Group’s public and private credit offerings to maximise the firm’s growth opportunities and better serve institutional and intermediary clients in the region.
NCM will take on the private credit business from the discontinued brand Nomura Private Capital (NPC) and the more than 30-year-old public credit business of Nomura Corporate Research and Asset Management (NCRAM), which will remain independent as a public credit boutique.
Read more: Nomura taps into private credit boom
NPC former chief executive Robert Stark will serve as chief executive of NCM, designing a cohesive strategy to increase Nomura’s asset and investment management footprint in the Americas.
Stark will continue to serve as head of investment management in the Americas and will chair the executive committee in that capacity.
The executive committee includes NCRAM chief executive and chief investment officer David Crall, who will continue in his role; NPC chief investment officer Matthew Pallai, who will now serve as chief investment officer of NCM, and Nomura Asset Management (NAM) USA chief executive Yuichi Nomoto, who will continue to lead NAM USA, as it manages NAM strategies and distribution to Japan.
“NCM was created to tap into growing demand from US institutional and intermediary investors for credit market expertise”, said Stark. “The alignment of our capabilities and more than 30 years of deep experience in US asset management shows Nomura Group’s commitment to further grow and strengthen its investment management business globally.”
Read more: Private credit’s returns attract investors and asset managers alike
Nomura Holdings senior managing director and head of investment management Yoshihiro Namura added: “The Americas represent a very important market for Nomura and the creation of NCM allows us to maximise our efforts to further grow our investment management business and provide our clients with more investment strategies and choices over time.”
Nomura has had a strong presence in the US investment management market for nearly 50 years. The firm hopes the creation of NCM, coupled with Nomura’s prior growth and performance, sets the stage for future success.
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