Nomura Holdings Inc. plans to hire dozens of private bankers in Hong Kong and Singapore in a bid to extend its wealth management push from Japan and mainland China to the rest of Asia.
The Tokyo-based firm, which has already outlined aggressive plans for China, aims to grow the assets it manages from those two hubs by five times to $50 billion by March 2026, said Yuji Hibino, a senior managing director in charge of the business for Asia excluding Japan. He wants to almost double the number of relationship managers to 100 in three years, from 57 as of December.
"Asia has bigger potential for future growth compared to Japan," Hibino said in an interview in Singapore. "We would like to look for more opportunities."