Japanese banking giant Nomura Holdings is planning to shut down its subsidiary Nomura Asia Holding based in Netherlands and set up a new holding company based in Japan for its Asia ex-Japan operations.
The company expects to complete this closure process by 31 March 2019.
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Nomura in a statement said that the reorganization is part of broader change of its overall management structure and will not signal any change in relation to the firm’s business strategy in the Asia ex-Japan region.
Nomura Asia Holding was launched in February 1990 and has paid-in capital of JPY139.9bn.
Nomura added that it will disclose in a timely manner any impact of the reorganization on the firm’s consolidated financial results.
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