Nomura has revealed various plans to strengthen wealth management business while driving further growth across its business division in Asia including Japan.
As per the new strategy, the Japanese company will launch a new wealth management business division within its retail division, by merging the existing Japan Wealth Management Group with the Asia Wealth Management business.
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The company has appointed Juntaro Kimura to manage the new business line. Kimura is currently working as head of financial management & wealth management at Nomura Securities in Japan.
He will assume the responsibility of senior managing director and head of wealth management at Nomura Holdings. All changes will be effective from 1 July 2014.
Nomura Group COO Atsushi Yoshikawa said, "This new structure underscores our commitment to Asia and positions us to further expand our Wealth Management business in the region."
"By establishing Nomura as a leading wealth management firm, we aim to further enhance our corporate value and deliver higher returns for all stakeholders.
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By GlobalData"Mr. Kimura has overseen the rapid growth of our wealth management business in Japan since 2010 and I am confident that he will accelerate the development of our platform in Asia including Japan," Yoshikawa added.
Commenting on his appointment, Juntaro Kimura stated, "By combining our Japan and Asia operations, we will be able to achieve greater synergies and deliver high value-added products and services to our wealth management clients."
