Nomura Holdings, Inc. has established a new subsidiary that will integrate the firm’s public and private credit offerings for institutional clients in the Americas.

Robert Stark, the new CEO of Nomura Capital Management, mentioned: "NCM was created to tap into growing demand from US institutional and intermediary investors for credit market expertise."

"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. NCM will play a major role in delivering value to clients in both public and private credit markets in the Americas."

Nomura Eyes Expansion in the Americas

Robert Stark, the Former CEO of Nomura Private Capital, will assume the role of the CEO of Nomura Capital Management. Stark, along with key executives including David Crall and Matthew Pallai, will oversee the integration of Nomura's credit businesses and the formulation of a strategy to expand Nomura's asset and investment management in the Americas.

Yoshihiro Namura, the Senior Managing Director of Nomura Holdings, Inc., emphasized the significance of the Americas market for Nomura. NCM aims to provide Nomura's clients with diverse investment strategies and choices to strengthen its investment management business globally.

Besides that, NCM plans to play a pivotal role in Nomura Group's growth strategy, both in the Americas and globally, leveraging Nomura's presence in the US investment management market.

Nomura’s Financial Performance Fuels Service Expansion

Last month, Nomura released its financial results for the third quarter of the fiscal year 2024, highlighting a consolidated net revenue of 400.2 billion yen. This represented an increase of 9% from the previous quarter and a modest 2% improvement year-on-year.

The company experienced a boost of 39% in income before taxes, amounting to 78.7 billion yen, compared to the previous quarter. Nomura's net income attributable to shareholders showed a remarkable improvement of 43% quarter-on-quarter, reaching 50.5 billion yen.

Besides that, Nomura's nine-month financial summary underscored a positive performance, with net revenue climbing to 1,116.9 billion yen. This marked an upsurge of 11% from the previous year. Income before taxes rose 43% to 181.8 billion yen, while net income attributable to shareholders expanded 28% to 109.1 billion yen.