The Japanese group has been present in an investment management capacity in the US for more than half a century.

Japan’s Nomura announced yesterday that it has put its asset and investment management capabilities in the Americas under a new brand: Nomura Capital Management. 

The new brand is a subsidiary of Nomura Holding America Inc and will integrate Nomura’s public and private credit offerings.

The move comes as interest continues to rise in areas such as private credit. 

The firm said it has made the change in order to offer a better service to institutional and intermediary clients in the Americas. 

NCM will take on the private credit business from the discontinued brand Nomura Private Capital (NPC) and the 30-year-plus old public credit business of Nomura Corporate Research and Asset Management (NCRAM), which will remain independent as a public credit boutique.

Robert Stark, former CEO of NPC, will now serve as chief executive of NCM overseeing the build-out of strategy and organization. He will also chair the executive committee which includes David Crall (NCRAM CEO and chief investment officer) who will continue to lead NCRAM; Matthew Pallai (NPC CIO) who will now serve as chief investment officer of NCM; and Yuichi Nomoto (Nomura Asset Management USA (NAM USA) CEO) who will continue to lead NAM USA, as it manages NAM strategies and distribution to Japan.

“The Americas represent a very important market for Nomura and the creation of NCM allows us to maximize our efforts to further grow our investment management business and provide our clients with more investment strategies and choices over time,” Yoshihiro Namura, senior managing director of Nomura Holdings, and head of investment management, said. 

The firm has been present in the US for almost 50 years.