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Nomura Moves Past Archegos With Australia, New Zealand Tie Ups
May 10 2021, 7:43 PM
May 10 2021, 1:33 PM
May 10 2021, 7:43 PM
(Bloomberg)
(Bloomberg)
Nomura Holdings Inc. announced business partnerships at home, Australia and New Zealand as Japanâs biggest brokerage seeks to move past a $2.9 billion hit from the implosion of Archegos Capital Management.
Nomura signed an agreement with three regional Japanese banks to set up a joint venture to provide remote financial consulting services. It also struck up an alliance with investment bank Jarden Securities Ltd. to provide services such as stock and bond underwriting for clients in Australia and New Zealand, it said in separate statements on Monday.