Macquarie Asset Management, a division of Macquarie Group, has finalized the sale of its North American and European public investments business to Nomura for about A$2.8 billion. The transaction covers a business with roughly A$254 billion in assets under management, focusing on equities, fixed income, and multi-asset strategies.
With this sale, Macquarie Asset Management plans to strengthen its focus on private markets globally, targeting institutional, insurance, and wealth channels. In Australia, the company will continue to provide asset management services across both public and private markets for institutions, governments, and individual investors. After adjusting for the transaction, Macquarie Asset Management's total assets under management are approximately A$720 billion.
The agreement also includes a strategic partnership between Macquarie and Nomura. Under this arrangement, Nomura will distribute select Macquarie funds to US wealth clients. Both firms will collaborate on developing new investment solutions for clients in the US and Japan by combining Macquarie’s product expertise with Nomura’s distribution network in key markets.
Ben Way, Head of Macquarie Asset Management, stated: “As a result of the transaction, MAM will be a more focused, leading, global private markets alternatives business serving the fast-growing Institutional, Insurance and Wealth markets, with a scaled full-service asset manager in Australia.”
“We look forward to our future collaboration with Nomura through our strategic partnership for product distribution and the co-development of investment strategies that create benefits for our respective clients.”