Nomura CEO sees big growth phase in wealth and asset management

Nomura's CEO, Kentaro Okuda, announced plans to strengthen the company's wealth and asset management sectors, building on recent earnings success. The firm has completed a $1.8 billion acquisition of Macquarie Group's asset management business and is focusing on high-net-worth clients and digital services. Nomura is also expanding in private markets and investment banking, capitalizing on Japan's record M&A volume. Despite past challenges, including a $2.9 billion loss from Archegos, Nomura is committed to growth without compromising safety, enhancing its risk management framework.