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Nomura Expanding in Singapore, Dubai After Its Global Business Turns a Profit
The Straits Times
|March 13, 2025
Nomura Holdings is expanding its wealth management team in Singapore and Dubai after the global business turned a profit in 2024, 18 months ahead of target.
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The Tokyo-based company is moving to a new office in Dubai that can accommodate up to 60 staff and double the space at its previous location, Mr Ravi Raju, head of Nomura's international wealth business, said in an interview.
Nomura is also hiring in Singapore, after beefing up staffing in Hong Kong in 2024, he said, without providing specific numbers.
Nomura is making a big push in private banking as part of efforts to diversify revenue beyond investment banking and global markets.
The 100-year-old company is also benefiting from an earnings recovery and investors' renewed appetite for Japanese assets.
This story is from the March 13, 2025 edition of The Straits Times.
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