Latest news with #KentaroOkuda
Business Insider
2 hours ago
- Business
- Business Insider
Nomura CEO says company is committed to growth of U.S. business, Reuters says
Nomura (NMR) Holdings is committed to growing its U.S. business despite recent market volatility, Anton Bridge of Reuters reports, citing comments made by CEO Kentaro Okuda. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yomiuri Shimbun
2 days ago
- Business
- Yomiuri Shimbun
Japan's Nomura Committed to Growth of US Business, CEO Says
Reuters file photo Nomura Holdings Inc. Chief Executive Kentaro Okuda attends a news conference in Tokyo, Japan May 17, TOKYO, May 30 (Reuters) – Nomura Holdings 8604.T, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday. The announcement of sweeping tariffs in April triggered market turbulence and led some investors to sell down U.S. assets as they question U.S. financial dominance and safety. 'Although America can be said to be the epicenter of the market volatility surrounding global tariff negotiations, the U.S. is the most important area rich in business opportunities,' CEO Kentaro Okuda said at an investor relations event in Tokyo. The U.S. market accounted for 14% of Nomura's income before income taxes in the year ended March 2025, according to an investor relations presentation. Nomura's management has long sought to establish the bank as a global player and in April announced the acquisition of Australian Macquarie Group's U.S. and European public asset management businesses for $1.8 billion – its largest ever. But some previous acquisitions have had mixed results, such as the purchase of some assets from Lehman Brothers in 2008, which it later wrote down. While the U.S. market will remain attractive over the long term, Nomura can benefit from any moves away from U.S. assets, Christopher Willcox, head of wholesale and chairman of the asset management division, said at the event. 'We think that the dominance of the U.S. market over the last few years is unhealthy and a rebalancing towards focusing on Europe and Asia is a good thing,' Willcox said. 'We run a global business so that's fine,' Willcox added.
Yahoo
3 days ago
- Business
- Yahoo
Japan's Nomura committed to growth of US business, CEO says
By Anton Bridge TOKYO (Reuters) -Nomura Holdings, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday. The announcement of sweeping tariffs in April triggered market turbulence and led some investors to sell down U.S. assets as they question U.S. financial dominance and safety. "Although America can be said to be the epicentre of the market volatility surrounding global tariff negotiations, the U.S. is the most important area rich in business opportunities," CEO Kentaro Okuda said at an investor relations event in Tokyo. The U.S. market accounted for 14% of Nomura's income before income taxes in the year ended March 2025, according to an investor relations presentation. Nomura's management has long sought to establish the bank as a global player and in April announced the acquisition of Australian Macquarie Group's U.S. and European public asset management businesses for $1.8 billion - its largest ever. But some previous acquisitions have had mixed results, such as the purchase of some assets from Lehman Brothers in 2008, which it later wrote down. While the U.S. market will remain attractive over the long term, Nomura can benefit from any moves away from U.S. assets, Christopher Willcox, head of wholesale and chairman of the asset management division, said at the event. "We think that the dominance of the U.S. market over the last few years is unhealthy and a rebalancing towards focusing on Europe and Asia is a good thing," Willcox said. "We run a global business so that's fine," Willcox added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
3 days ago
- Business
- CNA
Japan's Nomura committed to growth of US business, CEO says
TOKYO :Nomura Holdings, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday. The announcement of sweeping tariffs in April triggered market turbulence and led some investors to sell down U.S. assets as they question U.S. financial dominance and safety. "Although America can be said to be the epicentre of the market volatility surrounding global tariff negotiations, the U.S. is the most important area rich in business opportunities," CEO Kentaro Okuda said at an investor relations event in Tokyo. The U.S. market accounted for 14 per cent of Nomura's income before income taxes in the year ended March 2025, according to an investor relations presentation. Nomura's management has long sought to establish the bank as a global player and in April announced the acquisition of Australian Macquarie Group's U.S. and European public asset management businesses for $1.8 billion - its largest ever. But some previous acquisitions have had mixed results, such as the purchase of some assets from Lehman Brothers in 2008, which it later wrote down. While the U.S. market will remain attractive over the long term, Nomura can benefit from any moves away from U.S. assets, Christopher Willcox, head of wholesale and chairman of the asset management division, said at the event. "We think that the dominance of the U.S. market over the last few years is unhealthy and a rebalancing towards focusing on Europe and Asia is a good thing," Willcox said.
Reuters
3 days ago
- Business
- Reuters
Japan's Nomura committed to growth of US business, CEO says
TOKYO, May 30 (Reuters) - Nomura Holdings (8604.T), opens new tab, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday. The announcement of sweeping tariffs in April triggered market turbulence and led some investors to sell down U.S. assets as they question U.S. financial dominance and safety. "Although America can be said to be the epicentre of the market volatility surrounding global tariff negotiations, the U.S. is the most important area rich in business opportunities," CEO Kentaro Okuda said at an investor relations event in Tokyo. The U.S. market accounted for 14% of Nomura's income before income taxes in the year ended March 2025, according to an investor relations presentation. Nomura's management has long sought to establish the bank as a global player and in April announced the acquisition of Australian Macquarie Group's ( opens new tab U.S. and European public asset management businesses for $1.8 billion - its largest ever. But some previous acquisitions have had mixed results, such as the purchase of some assets from Lehman Brothers in 2008, which it later wrote down. While the U.S. market will remain attractive over the long term, Nomura can benefit from any moves away from U.S. assets, Christopher Willcox, head of wholesale and chairman of the asset management division, said at the event. "We think that the dominance of the U.S. market over the last few years is unhealthy and a rebalancing towards focusing on Europe and Asia is a good thing," Willcox said. "We run a global business so that's fine," Willcox added.
