Billion-dollar deal: Nomura takes over Macquarie fund business

Nomura is acquiring Macquarie Asset Management's US and European businesses. The Japanese financial group will pay $1.8 billion for the acquisition, the companies announced. The transaction is expected to close by the end of 2025.

With this deal, Nomura is acquiring a business with approximately USD 180 billion in assets under management across equities, fixed income, and multi-asset strategies. Approximately half of the assets are retail, 35 percent come from insurance clients, and 15 percent from other institutional investors.

The current management team will remain on board. Shawn Lytle, currently President of Macquarie's Funds Business and Head of the Americas, will continue to lead the business. John Pickard (Head of Equities and Multi-Asset), Greg Gizzi (Head of Fixed Income), and Milissa Hutchinson (Head of US Wealth) will also retain their roles.

Nomura aims to expand global presence

With the acquisition, Nomura increases its assets under management from $590 billion to $770 billion. The share of international client assets increases to over 35 percent. "The acquisition will be transformative for the presence of our investment management division outside Japan," says Kentaro Okuda, CEO of the Nomura Group.

The acquired business originates from Delaware Investments, which was founded in 1929 and acquired by Macquarie in 2010. With more than 700 employees, it is managed from Philadelphia and has additional offices in Kansas City, Vienna, and Luxembourg.

Nomura is a global financial group with four business segments: Asset Management, Investment Management, Wholesale (Global Markets and Investment Banking), and Banking. Founded in 1925, the company operates in markets worldwide.