Nomura Holdings¡¯ chief executive officer vowed to build on the company¡¯s earnings revival by strengthening businesses across the board, ranging from wealth to asset management and dealmaking.
¡°I believe we have now built a much stronger and more stable earnings base,¡± Kentaro Okuda said in a presentation in Tokyo on Tuesday. ¡°With that foundation in place, we want to move into a significant growth phase, and I am beginning to feel a clear sense of momentum in this.¡±
Japan¡¯s biggest securities firm has beaten analysts¡¯ profit estimates for the past few quarters as households boost investments and corporate clients do more deals. After many rounds of cost cuts, Nomura is now in expansion mode. It completed a $1.8 billion acquisition of Macquarie Group¡¯s U.S. and European public asset management business this week.
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