Nomura Sends Bankers to New York, London in Asset Manager Push

Core Insights - Nomura Asset Management plans to relocate staff from Tokyo to global offices to enhance investment and sales operations, aiming to develop homegrown talent for a competitive edge in asset management [1][2] Group 1: Global Strategy - The company emphasizes the need to enhance global investment capabilities to maintain its relevance in the market [2] - Nomura currently has about 30 employees stationed abroad, with plans to significantly increase this number [3] - Potential relocation destinations include existing offices in New York, London, and Singapore, as well as new locations following recent acquisitions [3] Group 2: Market Position - As of September, Nomura Asset Management managed approximately ¥99.7 trillion ($643 billion), which is significantly smaller compared to industry leader BlackRock, which managed $11.6 trillion as of December 2024 [4] - The Japanese asset management sector is facing challenges due to a narrower product offering, impacting competitiveness against global rivals [2] Group 3: Talent Development - The company aims to send trainees and transfer staff to strengthen global talent development [2][5] - Nomura's acquisition of Macquarie assets is viewed as an opportunity for transformation into a more competitive asset management firm over the next five to ten years [5] - The goal is to acclimatize staff to English-speaking business environments to enhance their global operational capabilities upon returning to Japan [6]