Nomura Holdings embraces private assets to beat bubble-era profits

Nomura Holdings embraces private assets to beat bubble-era profits

FILE PHOTO: Investors stand in front of a screen showing the logo of Nomura Holdings in Tokyo, Japan, December 1, 2015. REUTERS/Toru Hanai

Nomura Holdings is pivoting away from the traditional brokerage business in favor of private assets, putting them at the center of a planned 40 trillion yen ($260 billion) increase in assets under management over the next several years.