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Nomura has expanded its international wealth management business

By Delisha Fernandes

July 20, 2023

  • Asset Management
  • DIFC
  • Dubai

NomuraNomura has expanded its international wealth management business with new office at Dubai International Financial Centre (DIFC), a global financial hub in the Middle East, Africa and South Asia (MEASA).

The expansion marks the company’s presence in the region by catering to the growing demand for high-quality wealth management services and comprehensive financial solutions from its clients in the MEASA market.

Ravi Raju, Head of International Wealth Management, Nomura, said, “DIFC has long established itself as the Middle East’s de facto financial hub and international financial centre. Our on-the-ground presence here will help us better tap into this region’s vast pools of wealth to complement our strategy of serving clients across Greater China and Southeast Asia and the global NRI segment.”

The firm’s International Wealth Management arm will primarily serve high-net-worth individuals (HNWIs), single-family offices, and external asset managers in the UAE and the broader Middle East region, including the Gulf Cooperation Council (GCC), North Africa and Levant countries.

Arif Amiri, CEO of DIFC Authority, said, “We are delighted to see Nomura’s growth plans flourish in DIFC, Dubai and the region. With over $3 trillion of private wealth within an hour’s flight of the city and access to a combined GDP of $8 trillion across the MEASA region, there continues to be strong demand for global wealth and asset management firms establishing and expanding premises in DIFC.”

DIFC’s strategic location and business-friendly policies provide an ideal platform for Nomura to expand its operations and cater to a wide range of clients.

Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura serves the needs of individuals, institutions, corporates and governments through its three business divisions retail, investment management, and wholesale.

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