Japanese investment bank Nomura and Australia's Macquarie Group said on Tuesday that Nomura will acquire Macquarie Group's public asset management business in the US and Europe at a price of 2.8 billion Australian dollars. Macquarie said the deal will strengthen Nomura's global business while enabling the Australian financial conglomerate to focus on private market alternatives serving the institutional, insurance and wealth markets. The deal includes Macquarie Management Holdings and Macquarie Investment Management Holdings' branches in Luxembourg and Austria, and is expected to close by the end of 2025.

Japanese investment bank Nomura and Australia's Macquarie Group said on Tuesday that Nomura will acquire Macquarie Group's public asset management business in the US and Europe at a price of 2.8 billion Australian dollars. Macquarie said the deal will strengthen Nomura's global business while enabling the Australian financial conglomerate to focus on private market alternatives serving the institutional, insurance and wealth markets. The deal includes Macquarie Management Holdings and Macquarie Investment Management Holdings' branches in Luxembourg and Austria, and is expected to close by the end of 2025.