Japan's Nomura Enters Taiwan's Asset Management Sector

By ExpatBriefing.com Editorial 28 April, 2014

Japan-based Nomura Asset Management announced recently that it has completed the acquisition of ING Securities Investment and Trust, Taiwan, the Taiwanese asset management subsidiary of Dutch financial institution ING Group.

Nomura Asset Management is a wholly-owned subsidiary of Nomura Holdings, a Japanese financial holdings company. Kunio Watanabe, CEO of Nomura Asset Management, said: "This acquisition represents a significant first step in our full-scale entry into the asset management business in Taiwan."

He said that the deal, which was originally announced on January 10, 2014, will enable Nomura Asset Management to leverage the skills and capabilities that ING Securities Investment and Trust, Taiwan has built up over the years.

Nomura offers services to individuals, institutions, corporates and governments across 30 countries. It has three business divisions, namely Retail, Asset Management, and Wholesale (Global Markets and Investment Banking).

ING said that the sale of ING Securities Investment and Trust, Taiwan is in line with its strategy to divest its insurance and investment management businesses.

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