Japan's Nomura to buy Macquarie's US, European asset management units for $1.8 billion

Japan's Nomura will acquire Macquarie's U.S. and European public asset management business for A$2.8 billion ($1.80 billion) in cash, the companies said on Tuesday. The acquisition gives Nomura immediate scale across Western markets through Macquarie Asset Management's (MAM) equities, fixed income, and multi-asset investment capabilities, along with established client relationships in key financial centers. Japan's second-largest brokerage and investment bank will absorb all relevant assets, investment teams, offices and operating platforms to maintain business continuity for clients.