Nomura eyes $1b potential revenue boost from equities, wealth: report

CEO Kentaro Okuda said that it needs to raise revenues in these businesses to boost Nomura’s returns.

Nomura Holding’s chief executive officer sees a $1b in possible revenue boost from a deeper push into areas that include equities, private markets, and wealth management, reports Bloomberg.

Speaking at an investment forum on 29 November, Nomura CEO Kentaro Okuda said that the firm needs to raise its revenue from equities, advisory and wealth businesses “in order to boost returns from our overall portfolio as well as build a durable platform against the external environment.”

“Our wholesale business platform allows us to seize on profit opportunities with certainty whenever the market moves,” Okuda said. “Not only do we want to maintain it but also bolster its quality.”

The comments come after Japan’s biggest brokerage saw its profit for the three months through September fall short of analyst estimates. This was blamed on weakness across the rest of the firm, which a surge in fixed income trading could not offset.

Nomura shared plans to replicate its success in the Americas to build out the equities business in other regions.

Read more from Bloomberg:

Follow the link for more news on

Nomura

Also Read

Singapore bankers to see up to 30% pay rise in 2025

Hong Kong bankers to see 15% to 20% salary hikes next year

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit