Nomura Holdings is strengthening its global asset management footprint by deploying 15 senior bankers to New York and London, part of a strategic push to capture institutional investor mandates in key financial centers. The hires mark a significant escalation in the firm’s efforts to compete with global peers in wealth and asset management services.
- 15 senior asset management professionals relocated to New York and London offices
- Collective industry experience of 175 years among the new hires
- $100 million capital allocation over two years for AUM growth
- $2.3 billion in new AUM projected within 18 months
- Launch of $1.2 billion ESG-focused fund in London in early 2026
- Global asset management AUM increased from $78B to $94B (20.5% rise) from 2023 to Q3 2025
Nomura Holdings has initiated a targeted expansion of its asset management division by relocating 15 senior professionals to its New York and London offices, according to internal assignments confirmed by multiple industry sources. The group includes former executives from major asset managers, including BlackRock, Vanguard, and State Street, with a collective 175 years of experience in institutional investing, portfolio structuring, and client advisory services. These hires are central to Nomura’s new initiative to grow its discretionary and solutions-based asset management offerings in North America and Europe. The move follows a 2025 internal review that identified a 38% gap in global asset management market share between Nomura and its top-tier Japanese and Western competitors. To close this gap, the firm has earmarked $100 million in capital over the next two years to support sales teams, technology upgrades, and client onboarding. The new hires are expected to bring in $2.3 billion in new assets under management (AUM) within the first 18 months, a target set by Nomura’s executive board. The expansion is particularly focused on ESG-linked investment vehicles, private credit, and multi-asset solutions, with the London team launching a dedicated $1.2 billion fund in early 2026. In New York, the team will operate under a new joint venture with a U.S.-based institutional advisor, aiming to serve pension funds and endowments with customized strategies. These efforts are being overseen by Hiroyasu Koike, Nomura’s Global Head of Asset Management, who joined the firm in 2023 after a decade at Credit Suisse’s asset management division. Market observers note that the hires signal a shift in Nomura’s strategic focus, moving beyond its traditional investment banking and trading roles. The firm’s global asset management AUM has grown from $78 billion in 2023 to $94 billion in Q3 2025, a 20.5% increase—double the industry average in the same period. This momentum is expected to accelerate with the new regional leadership team in place.