The two companies have also formalised a strategic partnership for product distribution and co-development of investment strategies.

Nomura, a Japanese financial services company, has completed the acquisition of Australia-based Macquarie Group’s US and European public asset management business for US$1.8 billion. The two companies have also partnered for product distribution and co-development of investment strategies The deal closure will bring approximately US$166 billion (as of October) in retail and institutional client assets across equities, fixed income and multi-asset strategies, under Nomura’s global