Growth
Investment Banking, however, registered yearly increase during the third quarter attributed to the growth in capital light businesses such as advisory and origination.
Kentaro Okuda added:
Investment Banking had its best quarter since the year ended March 2017 when comparisons became possible, driven by cross-border M&A deals, sustainable finance mandates and synergies with Nomura Greentech.
Investment Management saw continued global inflows across various channels, lifting assets under management to an all-time high. In Retail, we made progress toward a more stable revenue mix, as higher recurring revenue assets drove growth in recurring revenue underpinned by our continued focus on the total assets of our clients.
Nomura’s wholesale division saw a 202.7 billion yen in net revenue for the third quarter. Still down 9% YoY but it registered a quarter-over-quarter increase of 17%.
