Nomura Announces Completion of Transfer of Domestic Business in Thailand

Nomura Holdings, Inc., a Japanese financial holding company and a principal member of the Nomura Group, announced that it has completed the transfer of the entire stake Nomura Asia Investment (Singapore) Pte. Ltd. holds in Capital Nomura Securities Public Company Limited (99.1% of outstanding shares) to the Bank of Ayudhya Public Company Limited.

The deal, which entered into an agreement on June 30, 2022, covers the domestic and retail brokerage businesses of Capital Nomura Securities.

Nomura will retain the international businesses including Global Markets, Investment Banking and Wealth Management currently operated by Capital Nomura Securities in cooperation with Nomura Group. These businesses are part of Nomura's core Wholesale activities, which are the primary focus of the firm's international business.

Nomura remains committed to serving its institutional, corporate and high-net-worth clients in Thailand.

Kenji Teshima, Representative Director, Nomura Asia Pacific Holdings, commented on the transaction: "We are pleased to announce this transaction with the Bank of Ayudhya, one of Thailand's leading financial services companies. Following an assessment of the international businesses we have a competitive advantage in, we decided that Capital Nomura Securities would be better placed to unlock value with the Bank of Ayudhya. This also enables Nomura to focus on our core businesses in Asia ex-Japan, including Thailand."

Nomura stated that the transaction won't have a material impact on its consolidated financial results.