Nomura has finalized an asset management deal with Macquarie Group, acquiring its U.S. and European public asset divisions for $1.8 billion. This bold move adds approximately $180 billion in assets under management (AUM), lifting Nomura’s total AUM to nearly $770 billion. The asset deal is a clear response to Japan’s shrinking domestic market, signaling Nomura’s intent to grow globally.
Global Expansion Through Asset Deal
Faced with limited growth opportunities at home, Nomura’s leadership sees this asset management deal as a way to diversify and strengthen its international footprint. The transaction includes the transition of investment teams, operational infrastructure, and executive leadership, helping ensure a smooth shift for clients.
Macquarie Refocuses With Asset Deal
As part of the asset deal, Macquarie will retain its public investment operations in Australia. The firm will now focus on private markets, including infrastructure, real estate, and private equity. This pivot allows Macquarie to concentrate on areas where it already manages around $400 billion in higher-margin assets.
Positive Market Reaction
Investors welcomed the asset management deal, driving Nomura’s share price up by 0.6%, while Macquarie’s stock rose by 1.5%. The transaction is expected to close by late 2025, pending regulatory approval. Nomura’s CEO, Kentaro Okuda, described the acquisition as a foundational move for long-term stability in a volatile global market.
ASX Movement Influenced
While the asset deal dominated headlines, the Australian Securities Exchange (ASX) closed flat after early losses. The Commonwealth Bank of Australia hit a record high of $168 per share. In addition, gold surged to $3,500 per ounce, which boosted performance in the mining sector.
Growth via Global Asset Deal
This asset management deal between Nomura and Macquarie marks a turning point in the global investment management industry. Nomura strengthens its global capability and diversifies beyond Japan. Meanwhile, Macquarie doubles down on private markets, focusing on sectors with better profitability. Both firms are repositioning for future success, each through their own lens of strategic growth.
