Nomura targets private equity in biggest shakeup since 2010

New division to combine asset management and proprietary investment expertise

20210301N Nomura

Nomura's Tokyo headquarters: Group CEO Kentaro Okuda says the Japanese financial company will focus more on private markets. © Reuters

AKIRA YAMASHITA, Nikkei staff writer

TOKYO -- Nomura Holdings will reorganize its operations in April, creating a new, broader division to replace its asset management and merchant banking teams, Nikkei learned Monday.

The overhaul will put control of Nomura Asset Management and other key subsidiaries under the new investment management unit, which will bring together know-how now scattered within the Japanese financial services group.

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