is a Japanese financial

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

and a principal member of the Nomura Group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, institutional, and government customers on a global basis with an emphasis on securities businesses.

History

Origins

The history of Nomura began on December 25, 1925, when Nomura Securities Co., Ltd. (NSC) was established in

Osaka is a designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the third most populous city in Japan, following Special wards of Tokyo and Yokohama. With a population of ...

, as a spin-off from Securities Dept. of Osaka Nomura Bank Co., Ltd (the present day

Resona Bank () is the holding company of , the fifth-largest banking group in Japan as of 2012. It is headquartered in the Kiba area of Koto, Tokyo. The main operating entities of the group are Resona Bank, a nationwide corporate and retail bank head ...

). NSC initially focused on the

bond market The bond market (also debt market or credit market) is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market. This is usually in the form of bonds, bu ...

. It was named after its founder

Tokushichi Nomura II was a Japanese businessman and investor. He was the founder of the Nomura Group zaibatsu who formed Nomura Securities in 1925.The House of Nomura, ''Al Alletzhauser'', Bloomsbury Publishing Limited () In 1928, he was appointed to the House of P ...

, a wealthy Japanese businessman and investor. He had earlier established Osaka Nomura bank in 1918, based on the

Mitsui zaibatsu is one of the largest '' keiretsu'' in Japan and one of the largest corporate groups in the world. The major companies of the group include Mitsui & Co. ( general trading company), Sumitomo Mitsui Banking Corporation, Nippon Paper Indust ...

model with a capital of ¥10 million. Like the majority of

Japanese Japanese may refer to: * Something from or related to Japan, an island country in East Asia * Japanese language, spoken mainly in Japan * Japanese people, the ethnic group that identifies with Japan through ancestry or culture ** Japanese diaspor ...

conglomerates, or

zaibatsu is a Japanese term referring to industrial and financial vertically integrated business conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Japanese economy from the Meiji period unt ...

, its origins were in

, but today operates out of Tokyo. NSC gained the authority to trade stock in 1938, and went public in 1961.

Lehman Brothers Acquisition

In October 2008, Nomura acquired most of Lehman Brothers Asian operations together with its European equities and investment banking units to make one of the world's largest independent investment banks with ¥20,300bn (£138bn) assets under management. In April 2009, the global headquarters for investment banking was moved out of Tokyo to London as part of a strategy to move the company's focus from Japan to global markets, with Josh Tokley appointed Head of UK Investments. Following his subsequent suspension, Tokley was replaced by Michael Coombs. Nomura paid $225 million for the purchase of Lehman's Asia-Pacific unit. Due to large losses with shares dropping to their lowest level in nearly 37 years, Nomura cut around 5 percent of its staff in Europe (as many as 500 people) in mid-September 2011.

Ethics

In September 2011, it was announced that Trent Martin was hired as a Vice President, Sales. In December 2012, Martin faced an extradition request in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

from the U.S. for alleged insider-trading, securities fraud, and conspiracy to commit securities fraud. The extradition request was not contested.

Greentech Acquisition

In December 2019, Nomura announced that it would acquire Greentech Capital Advisors, a

boutique investment bank A boutique investment bank is a investment bank that specializes in at least one aspect of investment banking, generally corporate finance, although some banks strengths are retail in nature, such as Charles Schwab. Of those involved in corpora ...

with stated aims of assisting clients across sustainable technology and infrastructure. The transaction is expected to close on March 31, 2020. Greentech will be rebranded to "Nomura Greentech" and will form part of their Investment Banking franchise in the U.S.

Nomura Holdings and member companies

Nomura Holdings, Inc. is the

of the

Nomura Group is a Japanese financial holding company and a principal member of the Nomura Group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, instituti ...

and the group's principal member. As a keiretsu, Nomura Holdings, Inc. does not directly run member companies, rather it keeps a controlling stake of cross shareholdings and manages financial assistance among member companies which help to deflect hostile takeovers.

Core members

* Nomura Holding America Inc., operates as a subsidiary of Nomura Holdings, Inc. * Nomura Europe Holdings plc, operates as a subsidiary of Nomura Holdings, Inc. * Nomura Asia Holding N.V., operates as a subsidiary of Nomura Holdings, Inc. * Nomura Securities, operates as a subsidiary of Nomura Holdings, Inc. *

Nomura Research Institute Nomura Research Institute, Ltd. (NRI; Japanese: 株式会社野村総合研究所 or 野村総研 for short) is the largest economic research and consulting firm in Japan, and a member of the Nomura Group. Established in 1965, the firm now emp ...

* Nomura Financial Products Europe GmbH * Nomura Asset Management Co., Ltd. * The Nomura Trust & Banking Co. * Nomura Babcock & Brown Co., Ltd. * Nomura Capital Investment Co., Ltd. * Nomura Investor Relations Co., Ltd. * Nomura Principal Finance Co., Ltd. * Nomura Funds Research And Technologies Co., Ltd. * Nomura Pension Support & Service Co., Ltd. * Nomura Research & Advisory Co., Ltd. * Nomura Business Services Co., Ltd. * Nomura Satellite Communications Co., Ltd. * Nomura Facilities, Inc. * Nomura Institute of Capital Markets Research * Nomura Services India Pvt. Ltd. * Nomura Healthcare * Nomura Private Equity Capital * Unified Partners * Nomura Agri Planning & Advisory *

Instinet Instinet is an institutional, agency-model broker that also serves as the independent equity trading arm of its parent, Nomura Group. It executes trades for asset management firms, hedge funds, insurance companies, mutual funds and pension fund ...

Marketing and branding

The marketing slogan of Nomura is "Connecting Markets East & West".

References

External links

www.nomuraholdings.com
{{Authority control Companies listed on the New York Stock Exchange Companies listed on the Tokyo Stock Exchange Companies listed on the Osaka Exchange Companies listed on the Singapore Exchange Banks of Japan Financial services companies based in Tokyo Financial services companies established in 1925 Holding companies based in Tokyo Midori-kai Holding companies established in 1925 Japanese companies established in 1925 Banks established in 1925