Nomura, Wolfe Research Announce Extension of Their Strategic Alliance Term

Nomura and Wolfe Research announced an agreement to further strengthen their Strategic Alliance through a long-term extension of the arrangement to at least 2030, offering clients a unique combination of capabilities across equity research, capital markets, derivative products, and execution. The parties to the alliance include Nomura Holding America Inc., Nomura Securities International, Inc., Nomura Global Financial Products Inc., Instinet Incorporated, and Instinet, LLC, and Wolfe Research, LLC, WR Securities, LLC, and Wolfe Research Advisors, LLC.

Launched in July 2020, the Strategic Alliance (the "Alliance") has enabled Nomura, Instinet and Wolfe to leverage their respective strengths and jointly deliver a full suite of high-caliber services and offerings to clients in the North American Equities markets, as well as content to clients in Japan.

Through the Alliance, clients seamlessly access Wolfe's US equity research, analysis, and distribution capabilities, together with Nomura's global investment banking and capital markets capabilities, US equity products franchise, and the execution of Instinet.

Chris Willcox, Executive Officer and Head of Wholesale Division for Nomura, said: "This unique Strategic Alliance model delivers a 'best in breed' solution for our mutual clients. The exceptional quality of Wolfe Research in the US, combined with the global scale and breadth of Nomura's equity capital markets, products, and trading execution expertise, has proven to be a highly successful win-win for all. We're excited to continue to invest and grow this valuable alliance with Wolfe in the future."

Ed Wolfe, Managing Member of Wolfe Research, said: "By way of this remarkable Alliance with Nomura and Instinet, we've successfully broadened our research distribution footprint, and put to work our depth of relationships with corporates and investors alongside the capital raising expertise, product excellence, and global scale that Nomura brings. What makes our Alliance so successful is that Nomura encourages and supports Wolfe's entrepreneurial spirit and independence, while we respect Nomura's approach and global strength. We have enjoyed finding increasingly unique ways to service our clients together as true partners who listen and respect each other. We continue to be proud of this productive relationship and look forward to continuing to service our clients together."