Nomura Holdings, Inc. has realigned the firm’s collective asset management and investment capabilities in the Americas under the new name Nomura Capital Management LLC (NCM).
The new brand is a subsidiary of Nomura Holding America Inc. (NHA) and will integrate Nomura Group’s public and private credit portfolios to maximize the company’s growth opportunities and better serve institutional and intermediary clients in the Americas.
The creation of NCM incorporates Nomura Group’s unique strengths and established track record of success in the US credit market. NCM will take over the private credit business from the discontinued Nomura Private Capital (NPC) brand and the more than 30-year-old public credit business of Nomura Corporate Research and Asset Management Inc. (NCRAM), which will remain independent as a public credit boutique.
Robert Stark, formerly CEO of NPC, will now be CEO of NCM overseeing the creation of a coherent strategy and organization to grow Nomura’s asset and investment management footprint in the Americas. Stark will continue to serve as Head of Americas Investment Management. In this capacity, Stark will chair the Executive Committee, which includes David Crall (NCRAM CEO and Director), who will continue to lead NCRAM. Matthew Pallai (NPC CIO) who will now serve as NCM’s Chief Investment Officer. and Yuichi Nomoto (Nomura Asset Management USA Inc. (NAM USA) CEO) who will continue to lead NAM USA as he manages NAM’s strategies and distribution in Japan.
“NCM was created to capitalize on the growing demand from US institutional and intermediary investors for credit market expertise. The alignment of our capabilities and over 30 years of deep experience in US asset management demonstrates the Nomura Group’s commitment to further develop and strengthen its investment management business globally,” said Stark, CEO of NCM. “NCM will play an important role in delivering value to clients in both the public and private credit markets in America.”
The company expects NCM’s integrated approach to market promotion to play a vital role in Nomura Group’s growth strategy as its investment management business expands both in the Americas and globally.