Nomura Holdings embraces private assets to beat bubble-era profits
TOKYO -- Nomura Holdings is pivoting away from the traditional brokerage business in favor of private assets, putting them at the center of a planned 40 trillion yen ($260 billion) increase in assets under management over the next several years.
"By evolving our new business model, we'll become a company that consistently generates high earnings," President Kentaro Okuda told Nikkei Wednesday.