Nomura Group
Japanese financial-services group spanning securities, investment banking, asset management, banking, research, and related financial businesses.
Last updated October 20, 2026
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Overview
Nomura Group is a Japanese financial-services group whose principal businesses are conducted through Nomura Holdings and its subsidiaries and affiliated companies. Its activities center on securities, investment banking, global markets, asset management, banking, research, and related advisory services for individual, institutional, corporate, and government clients. The group is particularly associated with Nomura Securities, one of Japan's oldest and largest securities firms, and with its international investment-bank and capital-markets operations. The group's origins date to the establishment of Nomura Securities Co., Ltd. in Osaka on December 25, 1925. The company was created as a securities-business spin-off from the securities department of Osaka Nomura Bank, the predecessor of today's Resona Bank. Its early business focused heavily on bonds and public-sector financing. The wider Nomura business had roots in a money-changing operation founded by the Nomura family and later expanded into banking, securities distribution, and financial research. Nomura's research capability, including an early in-house research department and market publication, helped support its development as a securities intermediary and investment-information provider. Nomura Securities obtained authority to trade stocks in 1938 and became publicly listed in 1961. Over time, the group broadened beyond domestic brokerage into underwriting, institutional sales and trading, investment management, investment banking, and financial services for international clients. Nomura Holdings serves as the group holding company and coordinates its principal businesses and subsidiaries, while Nomura Securities remains a central operating company. Other group entities include Nomura Asset Management, Nomura Trust & Banking, regional holding companies, research and advisory businesses, and international securities and investment-banking subsidiaries. International expansion became a defining strategic priority in the late twentieth and early twenty-first centuries. In 2008, during the global financial crisis, Nomura acquired most of Lehman Brothers' Asia-Pacific operations along with its European equities and investment-banking units. The transactions substantially expanded Nomura's international platform and client coverage, although the integration and subsequent losses led to restructuring and reductions in parts of the European business. Nomura later continued to build specialized capabilities, including sustainable-technology and infrastructure advisory through its acquisition of Greentech Capital Advisors, subsequently rebranded Nomura Greentech. Nomura's business model combines Japanese retail and wealth services with global institutional markets, investment banking, asset management, and advisory work. Its clients include private investors, corporations, financial institutions, governments, and public-sector organizations. The group operates through regional platforms in Japan, the Americas, Europe, and Asia, and markets itself with the theme 'Connecting Markets East & West.' In April 2025, Nomura agreed to acquire Macquarie Asset Management's United States and European public asset-management business in an announced all-cash transaction valued at $1.8 billion. The proposed acquisition was described as Nomura's largest international expansion since the 2008 Lehman transactions and was expected to add approximately $180 billion in assets across equity, fixed-income, and multi-asset strategies, subject to closing conditions. Nomura Group remains an active, globally oriented financial-services organization with Japan as its historical and corporate center.
History
Nomura Group traces its institutional history to the Nomura family's financial activities in Osaka and, more specifically, to the creation of Nomura Securities Co., Ltd. on December 25, 1925. Nomura Securities was separated from the securities department of Osaka Nomura Bank, which had been established in 1918 and is historically connected with today's Resona Bank. The new securities company initially concentrated on bonds and related public-market business. The family's earlier money-changing operation developed during a period when Japan was industrializing and building modern financial markets. The creation of stock exchanges in Tokyo and Osaka and the government's use of foreign-currency bonds to finance the Russo-Japanese War created opportunities for intermediaries able to distribute and underwrite securities. Nomura built relevant expertise by employing staff with foreign-language and international-market skills. Before the securities company was formed, the broader Nomura organization had also invested in research and market information. An in-house research department established by 1906 produced business and securities analysis and supported a publication used to communicate market developments and economic trends. Nomura Securities received authorization to trade stocks in 1938, extending its role beyond the bond market. It went public in 1961, by which time it had become a significant participant in Japan's expanding securities industry. In the postwar decades, Nomura developed a broad domestic franchise covering retail brokerage, institutional securities, underwriting, research, and investment management. The group also added banking, trust, advisory, and other financial businesses through subsidiaries and affiliated companies. The organization later pursued international expansion to complement its strong Japanese base. Its global businesses developed across Asia, Europe, and North America, covering equities, fixed income, investment banking, sales and trading, asset management, and corporate finance. The most consequential expansion came in October 2008, when Nomura acquired most of Lehman Brothers' Asia-Pacific operations and its European equities and investment-banking businesses. The deals were completed during the global financial crisis and transformed Nomura into a much larger independent international investment bank. The integration increased the group's geographic reach and institutional client base, but the enlarged European platform subsequently faced difficult market conditions and losses. Nomura responded with workforce reductions and other restructuring measures, including the reduction of roughly five percent of its European staff in 2011 as reported in reference material. Nomura Holdings, Inc. became the holding-company center of the group and manages a network that includes Nomura Securities, Nomura Asset Management, Nomura Trust & Banking, regional holding companies, research organizations, and specialized financial-services entities. The group structure allows different businesses to serve retail, institutional, corporate, and government clients while maintaining a common Nomura identity. Its principal securities operations are commonly organized around Japanese retail services, global markets, investment banking, merchant or principal investing, and asset management. The group has continued to pursue targeted expansion rather than relying exclusively on broad acquisitions. In 2019 it announced the purchase of Greentech Capital Advisors, a specialist adviser in sustainable technology and infrastructure. The business was intended to become Nomura Greentech and to join Nomura's U.S. investment-banking franchise, adding sector expertise in areas connected with energy transition and sustainable infrastructure. In April 2025, Nomura agreed to buy Macquarie Asset Management's U.S. and European public asset-management business in a reported $1.8 billion all-cash transaction. The proposed deal was expected to bring approximately $180 billion in additional assets across equity, fixed-income, and multi-asset strategies and to increase the investment-management division's total assets under management to roughly $770 billion. It was described as Nomura's largest international expansion since the 2008 Lehman acquisitions and was expected to close by the end of 2025, subject to completion requirements. Nomura therefore combines a century-old Japanese securities heritage with a continuing effort to build a diversified, internationally scaled financial-services platform.
- 2025
Macquarie public asset-management acquisition agreed
[1]Nomura agrees to acquire Macquarie's U.S. and European public asset-management business in an announced $1.8 billion all-cash transaction.
- 2019
Greentech Capital Advisors acquisition announced
[1]Nomura announces an agreement to acquire Greentech Capital Advisors, a specialist adviser in sustainable technology and infrastructure.
- 2009
Global investment-banking headquarters moves to London
[1]Nomura relocates the global headquarters for investment banking from Tokyo to London as it emphasizes international markets.
- 2008
Lehman Brothers businesses are acquired
[1]Nomura acquires most of Lehman Brothers' Asia-Pacific operations and its European equities and investment-banking units during the global financial crisis.
- 1961
Nomura Securities becomes publicly listed
[1]Nomura Securities goes public, marking a major stage in the development of the securities business.
- 1938
Stock-trading authorization is obtained
[1]Nomura Securities receives authority to trade stocks, broadening its business beyond its original bond-market focus.
- 1925
Nomura Securities is founded
[1]Nomura Securities Co., Ltd. is established in Osaka on December 25 as a spin-off from Osaka Nomura Bank's securities department.
- 1918
Osaka Nomura Bank is established
[1]Osaka Nomura Bank is established with a securities department that later provides the institutional origin for Nomura Securities.
Products and positioning
A Japan-rooted, globally integrated securities and investment-banking group connecting Japanese and international capital markets.
Securities brokerage · 1925
Nomura Securities brokerage
Nomura Securities is the group's core securities operating company. Its activities include retail investment services in Japan, institutional sales and trading, securities underwriting, market research, and corporate and government capital-markets services. The business connects Japanese investors and issuers with domestic and international markets.
Capital markets
Global markets
Nomura's global-markets operations provide institutional clients with access to equity, fixed-income, foreign-exchange, and related trading and financing services. The platform grew substantially through international expansion and the acquisition of Lehman Brothers' relevant businesses in 2008.
Investment banking
Investment banking
The investment-banking business advises corporations, financial institutions, governments, and other organizations on capital raising, mergers and acquisitions, strategic transactions, and related financing matters. It operates across Japan and international markets and includes specialist capabilities such as sustainable-technology and infrastructure advisory.
Asset management
Nomura Asset Management
Nomura Asset Management provides investment-management products and services for retail and institutional investors. Its activities include management of equity, fixed-income, multi-asset, and other investment strategies, distributed through Nomura's broader financial-services network.
Financial research · 1906
Research and advisory
Research has been part of Nomura's identity since the early twentieth century. The group provides securities analysis, economic and market research, investor information, and related advisory services to support investment decisions and institutional client activity.
Specialist investment banking · 2020
Nomura Greentech
Nomura Greentech is the planned and subsequently used Nomura identity for the Greentech Capital Advisors business. It focuses on advisory work involving sustainable technology, infrastructure, energy transition, and related sectors within Nomura's U.S. investment-banking franchise.
Controversies
2026
BaFin fines Nomura over delayed Commerzbank voting-rights disclosures
Germany's markets regulator BaFin fined Nomura Holdings 320,000 euros, stating that the company failed to disclose voting rights in Commerzbank on time during UniCredit's takeover bid. According to BaFin, the fine related to incidents in May and June 2026. The regulator's action concerns the timing of voting-rights disclosures in connection with the takeover bid.
Marketing campaigns
- Connecting Markets East & West
Global
Nomura's marketing theme expresses its positioning as a Japanese financial group linking clients, issuers, investors, and capital markets in Asia with those in Europe, North America, and other regions.
Outcome. Used as the group's stated international brand positioning.
Brand decisions
2025
Acquire Macquarie's U.S. and European public asset-management businessM&ABackground
Nomura sought to expand its international investment-management scale and capabilities in public-market strategies.
Action taken
Nomura agreed to an announced $1.8 billion all-cash acquisition of Macquarie Asset Management's U.S. and European public asset-management business.
Aftermath
The proposed transaction was expected to add approximately $180 billion in assets under management and increase Nomura's investment-management assets to roughly $770 billion. Closing was expected by the end of 2025, subject to completion conditions.
Announced transaction value. $1.8 billion acquisition consideration (Announced April 2025; expected closing by end of 2025)
2019
Acquire Greentech Capital AdvisorsM&ABackground
Nomura wanted to strengthen investment-banking expertise in sustainable technology and infrastructure.
Action taken
Nomura announced an agreement to acquire Greentech Capital Advisors and planned to rebrand the business as Nomura Greentech.
Aftermath
The specialist business was positioned within Nomura's U.S. investment-banking franchise.
2009
Move global investment-banking headquarters to LondonStrategyBackground
Nomura sought to integrate its newly expanded international platform and shift greater strategic attention toward global markets.
Action taken
The group moved the global headquarters for investment banking from Tokyo to London.
Aftermath
London became a central location for Nomura's international investment-banking organization, although later European losses prompted restructuring.
2008
Acquire Lehman Brothers' Asian and European businessesM&ABackground
Lehman Brothers entered bankruptcy during the global financial crisis, creating an opportunity for Nomura to expand its international investment-banking and securities platform.
Action taken
Nomura acquired most of Lehman Brothers' Asia-Pacific operations and its European equities and investment-banking units.
Aftermath
The acquisitions made Nomura a substantially larger independent international investment bank. The expanded European business later experienced losses and restructuring, including staff reductions.
Recent events
BaFin fines Nomura over delayed Commerzbank voting-rights disclosures[2]
Reported:
Germany's markets regulator BaFin fined Nomura Holdings 320,000 euros, saying the company failed to disclose voting rights in Commerzbank on time during UniCredit's takeover bid. BaFin said the fine related to incidents in May and June 2026.
Nomura and Jarden announce an alliance in New Zealand and Australia[3]
Reported:
Nomura said it would team up with Jarden in New Zealand and Australia to support clients across equity and debt capital markets and M&A finance.
Nomura appoints Sameer Jain as Wholesale CIO[4]
Reported:
Nomura announced Sameer Jain's appointment as Chief Information Officer for Wholesale. He will also join the Wholesale Executive Committee and CAO Division Executive Committee.
SparkCognition agrees to acquire AIM2[5]
Reported:
SparkCognition announced that it had entered into an agreement to acquire AIM2 from Brevan Howard and Nomura. The source reports an agreement, not a completed acquisition.
BDO completes takeover of BDO Nomura[6]
Reported:
BDO Unibank said it completed the takeover of BDO Nomura Securities, terminating the joint venture arrangement with Nomura Holdings. BDO said BDO Nomura would subsequently be merged into BDO Securities, with BDO Securities as the surviving entity.
8minute Solar Energy closes $225 million credit facility[7]
Reported:
8minute Solar Energy closed a $225 million letter-of-credit facility from a consortium of five banks to post securities for power purchase and interconnection agreements related to its solar and storage pipeline.
Sources7 sources
- 1Nomura Holdingsen.wikipedia.org
- 2BaFin fines Nomura over delayed Commerzbank voting-rights disclosuresmorningstar.com
- 3Nomura与Jarden宣布在新西兰和澳大利亚建立联盟energy.economictimes.indiatimes.com
- 4Nomura 任命 Sameer Jain 为批发业务首席信息官aninews.in
- 5SparkCognition 同意收购 AIM2prnewswire.com
- 6BDO完成对BDO Nomura的接管gmanetwork.com
- 78minute Solar Energy完成2.25亿美元信用额度融资solarbuildermag.com
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