Nomura Holdings is telling clients to stay invested through the turmoil that has pervaded financial markets during the escalating trade tensions. With its $1.8 billion acquisition of an asset management business, the Japanese brokerage is putting its money where its mouth is.
¡°We constantly tell our clients, stay invested through short-term volatility,¡± Christopher Willcox, Nomura Holdings¡¯ executive officer and chair of investment management, said in an interview after the firm¡¯s most significant deal since it bought Lehman Brothers assets in 2008. ¡°So, if we were not to display those behaviors ourselves, we would not be particularly credible.¡±
With the purchase of Macquarie Group¡¯s U.S. and European public asset management business, Nomura is scooping up about $180 billion in client assets across equities, fixed income and multiasset strategies. About 90% of them are from the United States, where stocks, bonds and the dollar have faced selling pressure since U.S. President Donald Trump announced sweeping tariffs earlier this month.
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