Nomura Announces Strategic Changes in EMEA and the Americas

April 12, 2016 by
Filed under: Americas, Capital Markets, Europe, Finance 

http://d1udmfvw0p7cd2.cloudfront.net/wp-content/uploads/2015/05/b-nomura-a-20150513-200x200.jpgTokyo, April 12, 2016 – Nomura Holdings, Inc. today announced several changes to its Wholesale businesses in EMEA and the Americas, following a strategic assessment of its international operations.

Since the second half of last year, global markets have experienced extreme volatility and a significant decline in liquidity, triggered by heightened uncertainty in the global economy. Today’s announcement will position Nomura for sustainable profitability under the new market and regulatory environment, and reaffirms Nomura’s commitment to improving the performance of its international businesses.

“We are taking decisive action to refine the services we offer to our clients, while continuing to leverage our dominance and unique strengths in Asia, providing tailored solutions to our clients globally and continuing our 90 year legacy of putting clients at the heart of everything we do,” said Tetsu Ozaki, Nomura Group COO. “This exercise will deliver significant efficiencies and cost savings for Nomura, refocusing the firm’s activities and reallocating resources towards its areas of expertise and most profitable business lines.”

As part of the changes announced today, Nomura will close certain businesses in EMEA and will focus on
areas where it has strong capability to offer to its clients. In the Americas, Nomura will rationalize certain areas while remaining committed to its core client offerings. Nomura’s Asia-Pacific platform will not be affected by the changes.

A full strategic plan outlining all changes will be presented on April 27, 2016 in conjunction with the announcement of the Nomura Group’s fourth quarter and full year operating results.

About Nomura: Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For more information, please visit: www.nomura.com

Company news release:
http://www.nomuraholdings.com/news/nr/holdings/20160412/20160412.pdf

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