Nomura Holdings realigned the firm’s collective asset and investment management capabilities in the Americas under the new brand Nomura Capital Management. The new brand is a subsidiary of Nomura Holding America and will integrate Nomura Group’s public and private credit offerings in the Americas.
The creation of Nomura Capital Management 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.
Robert Stark, former CEO of NPC, will now serve as CEO of Nomura Capital Management overseeing the build-out of a strategy and organization 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. In that capacity, Stark will chair the executive committee, which includes David Crall (NCRAM CEO and CIO) who will continue to lead NCRAM; Matthew Pallai (NPC CIO) who will now serve as chief investment officer of Nomura Capital Management; and Yuichi Nomoto (Nomura Asset Management U.S.A. CEO) who will continue to lead Nomura Asset Management U.S.A., as it manages NAM strategies and distribution to Japan.
“[Nomura Capital Management] was created to tap into growing demand from U.S. institutional and intermediary investors for credit market expertise. The alignment of our capabilities and more than 30 years of deep experience in U.S. asset management shows Nomura Group’s commitment to further grow and strengthen its investment management business globally,” Stark said. “NCM will play a major role delivering value to clients in both public and private credit markets in the Americas.”
“The Americas represent a very important market for Nomura and the creation of NCM allows us to maximize our efforts to further grow our investment management business and provide our clients with more investment strategies and choices over time,” Yoshihiro Namura, senior managing director of Nomura Holdings and head of investment management, said.
“Nomura Group’s long-term establishment in the Americas positions NCM to immediately seek out opportunities for both organic and inorganic growth as we continue to build on our investment and distribution capabilities,” Christopher Willcox, executive officer of Nomura Holdings, said.
