Nomura Holdings, Inc. today announced plans to set up a new Banking Division on April 1, 2025.
The new division will leverage the strengths of Nomura Trust and Banking Co., Ltd. and Nomura Bank (Luxembourg) S.A. in private markets and bespoke products and meet the diverse needs of clients in areas such as asset building and estate planning.
The decision to launch the new division was driven by the megatrends of inflation, the changing interest rate environment and Japan’s push to be a world leader in asset management. Nomura recognized the importance of enhancing its efforts to provide a diverse range of high-quality services through its Banking businesses.
“As part of our strategy to achieve our 2030 management vision of Reaching for Sustainable Growth, we announced plans last year to build our Banking business into the fourth pillar of Nomura Group’s operations. The new division is the next step in that process,” said Kentaro Okuda, Nomura President and Group CEO.
The newly formed Banking Division will be the fourth division in Nomura Group.
Currently, Wealth Management provides a full suite of asset management services to individuals and various organizations. Investment Management offers investment products and services to both individual and institutional investors, while Wholesale provides sales and trading of financial products and investment banking services to its clients.
