Macquarie Asset Management ("MAM"), the asset management division of Macquarie Group (Macquarie), today announced the successful completion of the sale of its North American and European public investments business to Nomura for approximately $A2.8 billion.1,2
Nomura has acquired a North American and European focused public investments business comprising equities, fixed income and multi-asset strategies, with approximately $A254 billion3 of assets under management.
The transaction enables MAM to focus on building its position as a global leader in private markets, serving clients in the fast-growing Institutional, Insurance and Wealth channels. In its home market of Australia, MAM will continue to operate a leading, integrated full-service asset management business across public and private markets servicing institutions, governments and individual investors.
Adjusting for the transaction, MAM's assets under management is approximately $A720 billion.4
In addition, Macquarie and Nomura have formalised a strategic partnership for product distribution and co-development of investment strategies, as initially announced in April.
Under the agreement, Nomura will distribute select Macquarie funds to US wealth clients. The partnership also establishes collaboration on developing innovative investment solutions for clients in the US and Japan, expanding Macquarie's investment product reach while leveraging Nomura's established client relationships and distribution capabilities in key markets.
Ben Way, Head of MAM, said: "As a result of the transaction, MAM will be a more focused, leading, global private markets alternatives business serving the fast-growing Institutional, Insurance and Wealth markets, with a scaled full-service asset manager in Australia."
"We look forward to our future collaboration with Nomura through our strategic partnership for product distribution and the co-development of investment strategies that create benefits for our respective clients."
