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 AsiaPacific 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.
Next Finance , April 2016
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