Nomura Rejigs US Investing Arm, Plans to Grow Private Credit (1)

Nomura Holdings Inc. has reorganized its US investment management efforts under new leadership as it looks to expand its private credit business.

The new unit, called Nomura Capital Management, will house the firm’s existing high-yield bond strategy and its private credit investments, according to a statement seen by Bloomberg.

Nomura is organizing its US investment management efforts under one team to help the business grow organically and through acquisitions, said Robert Stark, Nomura Capital Management’s new CEO, in an interview. He joined the firm in 2022.

“When we talk to other teams and managers that we would like to acquire ...