The head of the mainland business entity Nomura Holdings Inc. announced that the brokerage unit is set at offering full services in China for the next five years. The company would be operating in key Chinese districts such as Beijing, Shanghai, and Shenzhen.
The announcement made by the top Japanese brokerage group Nomura Holdings Inc. was made this week wherein the head of the mainland business claimed that they would offer financial services in China for the next five years.
The company reportedly launched operations at Nomura Oriental International Securities which is a joint venture between Shanghai and two other state-owned partners in China - Shanghai Huangpu Investment Holding and Orient International.
The said the joint venture was reported to be a materialization of Nomura's plans in expanding its services in China. It was also revealed that the company went with the trend in the market wherein international financial groups such as JPMorgan also widened their business activities in the country.
According to Nomura's head of the in-house China Committee Toshiaysu Iiyama, China's industry landscape may solidify its presence in the country within three years. He also emphasized that the timing of the corporation's expansion is in line with recent investment developments in the country.
He also added that China's demographic gives promising opportunities for the venture. He claimed that many of China's young adults and those that are the mid-40s run their businesses. Thus, he announced that the presence of Nomura offering wealth management and other financial services in China would be a good investment for the brand.
Iiyama also claimed that Nomura plans on turning these business owners into personal banking clients by offering them wholesale services including mergers, fundraisers, and acquisition advice. He also announced that the company would also offer initial public offerings to market their services to business hopefuls in China.
Currently, Nomura Orient, a branch of Nomura Holdings Inc., operates in Shanghai. However, the brand plans on expanding its offices in prime areas such as Beijing and Shenzhen by 2020. IIyama also said that the company would employ about 100 workers to transform their financial services plan into a reality and may increase their workforce to 400 or 500 people in the next five years.
He also added that the company wishes to entice investment bankers who possess varied financial expertise and experience to boost their brand name in China. Moreover, he also claimed that there is an increasing demand for wealth protection in China for high-risk, high-return financial products. Thus, he claimed that his company would flourish in these prime areas where demand for their services is highest.
