Nomura has completed its US$1.8 billion acquisition of Macquarie’s US and European public asset management businesses.
The deal was first announced in April.
READ MORE: Nomura picks up Macquarie asset management businesses
As of 31 October, the Macquarie businesses’ assets under management are valued at approximately US$166 billion.
Nomura will distribute certain Macquarie private funds to high net worth US clients and family offices. The two companies have partnered on product distribution and investment strategy development in tandem with the acquisition.
Following the deal’s closure, the Macquarie businesses will be combined with Nomura Capital Management (NCM), and its high yield business, Nomura Corporate Research and Asset Management (NCRAM), to form a Nomura Asset Management International.
This entity will be led by Shawn Lytle, previously head of Americas for Macquarie Group, as CEO. Robert Stark, CEO of Nomura Capital Management, will additionally take on the roles of president and deputy CEO for the new division.
The acquisition does not impact Nomura Asset Management’s existing US assets. The firm’s most senior buyside trader in the US, John Pickard, is head of equities and multi-asset at NAM International. He manages the performance and governance of teams and is responsible for the firm’s centralised investment platform.
Mai Tanaka is global head of trading for the asset management business.
