Nomura boosts wealth management business

Its latest move seals a new division.

Nomura Holdings, Inc. announced a series of moves to drive further growth across its Wealth Management business in Asia including Japan.

A new Wealth Management business division will be established within the firm’s Retail division, integrating the current Japan Wealth Management Group with the Asia Wealth Management business. 

The new organization will be overseen by Juntaro Kimura, currently Head of Financial Management & Wealth Management at Nomura Securities in Japan, who will be appointed Senior Managing Director and Head of Wealth Management at Nomura Holdings. All changes are effective July 1, 2014.

“This new structure underscores our commitment to Asia and positions us to further expand our Wealth Management business in the region. By establishing Nomura as a leading wealth management firm, we aim to further enhance our corporate value and deliver higher returns for all stakeholders,” said Nomura Group COO Atsushi Yoshikawa.

“Mr. Kimura has overseen the rapid growth of our wealth management business in Japan since 2010 and I am confident that he will accelerate the development of our platform in Asia including Japan,” he added.

Commenting on his appointment, Juntaro Kimura said: “By combining our Japan and Asia operations, we will be able to achieve greater synergies and deliver high value-added products and services to our wealth management clients.”