Nomura Sees $1 Billion Revenue Boost From Equities, Wealth
- Japanese brokerage to diversify revenues amid rising rates
- CEO Kentaro Okuda is seeking to revive Nomura’s fortunes
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Nomura Holdings Inc. sees a potential revenue boost of $1 billion or more from a deeper push into areas including equities, private markets and managing money for the rich, according to the firm’s chief executive officer.
“Our wholesale business platform allows us to seize on profit opportunities with certainty whenever the market moves,” Kentaro Okuda said at an investment forum on Tuesday, referring to the division that houses investment banking and trading operations. “Not only do we want to maintain it but also bolster its quality.”