Latest news with #MacquarieGroupLtd.
Mint
30-05-2025
- Business
- Mint
Nomura Sees Big Opportunities to Grow in US Despite Turmoil
Nomura Holdings Inc. is setting its sights on the US for growth despite the current turmoil surrounding the world's biggest economy. Japan's largest brokerage said it's strengthening its focus on the Americas through 'strategic resource allocation,' according to an investor day presentation, which touted the 'big opportunities' there. The firm plans to advance targets for its investment management and wholesale banking businesses by pursuing long-term growth in the Americas, it said. 'Currently, market volatility is increasing due to global tariff negotiations, and the US can be said to be the epicenter of all this,' Chief Executive Officer Kentaro Okuda told investors on Friday. 'However, in our company's global strategy, the US is the most important area rich in business opportunities, and this will not change in the future.' Nomura is in expansion mode, having recently clinched a $1.8 billion deal to buy Macquarie Group Ltd.'s US and European public asset management business. The firm's optimism toward the US comes against wider sentiments that are more worried about President Donald Trump's trade policies overshadowing global growth prospects. In its presentation, the Tokyo-based firm also said it aims to boost revenue from trading and investment banking business by 15% to 20% in dollar terms by March 2031. It plans to expand in private credit, structured and solutions, equity trading in Europe and Asia, and international wealth management. Led by ex-JPMorgan Chase & Co. executive Christopher Willcox, this wholesale banking arm will seek to 'ramp up productivity' of bankers in advisory business as well as global markets sales and trading operations. The division accounts for about half of Nomura's overall net revenue. Meanwhile, Nomura also introduced a ¥50 billion pretax profit target for its newly created banking division for the year ending March 2031. Nomura earned a record net profit last fiscal year, joining Wall Street titans in benefiting from trading while enjoying a boom in dealmaking and retail investing in Japan. The firm posted a 72% increase in income before taxes to ¥472 billion in the year ended this March. At last year's investor day, the management unveiled a target to lift annual pretax profit to more than ¥500 billion by March 2031. It had also identified India and the Middle East as growth opportunities. This article was generated from an automated news agency feed without modifications to text.
Bloomberg
31-03-2025
- Business
- Bloomberg
Macquarie Sees Oil in the Low $60s and a Looming Refining Crunch
Oil will likely fall to the low $60-a-barrel range — levels last seen in 2021 — as markets remain oversupplied, Macquarie Group Ltd. predicts. Brent futures earlier this month touched a three-year low of about $68 as a deteriorating global economic outlook added to concerns about demand in a year when global oil production growth is expected to vastly outstrip an increase in consumption. That marked a reversal from mid-January, when crude had topped $80 as significant US sanctions on Russia bolstered prices.
Bloomberg
05-03-2025
- Business
- Bloomberg
Stonepeak's Mike Dorrell Mints $9 Billion Infrastructure Fortune
Infrastructure investing in the US was starting to boom in 2007 and Mike Dorrell was looking to capitalize on his expertise. Dorrell, a managing director for Australian bank Macquarie Group Ltd., and colleague Trent Vichie went to Blackstone Inc. and successfully pitched the alternative-investment giant on building out an in-house business buying assets like pipelines, cell phone towers and toll roads.
