Nomura to acquire Macquarie's U.S. asset management business
Nomura Holdings (TSE:8604) announced that it has reached an agreement to acquire all shares of Macquarie Management Holdings, Inc., including its U.S. asset management operations. The transaction, pending regulatory approvals, is expected to close by the end of 2025 and will expand Nomura's Investment Management Division's global capabilities, with more than 35% of assets managed on behalf of clients outside Japan. The all-cash purchase is valued at USD1.8 billion and will raise Investment Management Division AUM to approximately USD770 billion. Nomura plans to leverage Macquarie's distribution networks and product offerings to drive growth and diversification, including scaling the active ETF platform launched in mid-2023. Nomura and Macquarie have also agreed to collaborate on product distribution, including Nomura becoming a distribution partner for Macquarie's alternative funds in the U.S. market. Additionally, the company announced a year-end dividend of JPY34 per share, including a commemorative dividend of JPY10 per share, and a share buyback program of up to 100 million shares for a total repurchase price of JPY60 billion.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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