Nomura Expands Wealth Management in Singapore and Dubai
Nomura Holdings, the Tokyo-based financial services firm, is expanding its wealth management team in Singapore and Dubai. This move comes after the company's global business turned a profit last year, 18 months ahead of its target.
The expansion includes a move to a new office in Dubai that can accommodate up to 60 staff, double the space at its previous location. Nomura is also hiring in Singapore, after beefing up staffing in Hong Kong last year. Specific hiring numbers were not disclosed.
This expansion is part of Nomura's broader strategy to diversify its revenue beyond investment banking and global markets. The company is making a big push in private banking, aiming to capitalize on the earnings recovery and investors' renewed appetite for Japanese assets.
5 Comments
KittyKat
Nomura is a well-respected company with a strong reputation. I'm confident this expansion will be successful.
Loubianka
I'm glad to see Nomura expanding its presence in Asia. This is a positive sign for the region.
Noir Black
Another financial institution prioritizing the wealthy over the average person. No surprise there.
Loubianka
Good to see Nomura expanding its wealth management services. This will create jobs and boost the economy.
Noir Black
I'm confident that Nomura will continue to be a successful company for many years to come.