(22 April 2025 â Australia) Macquarieâs Australian public investments division has been excluded from a A$2.8 billion sale of its North American and European asset management operations to Nomura.
Macquarie Asset Management (MAM) comprises equities, fixed income and multi-asset strategies, with around $285 billion in assets under management. Macquarie shuttered its US DCM division to enhance its focus on private credit earlier this year.
The business, which is led from Philadelphia, has more than 700 employees. MAMâs Australian public investments business was spared from the sale, with the bank confirming it would continue to operate and invest in a âfull-service asset management business across public and private marketsâ locally.
âWe are proud of the public investments business we have built and grown over many decades. We are pleased that Nomura will carry it forward into a new phase of growth in North America and Europe. We are also excited to further strengthen our collaboration with Nomura, creating benefits for our respective clientsâ commented MAM Head, Ben Way.
âThe transaction will allow the team to build on our leading global position in private markets, and our leading position in Australian public markets, as we focus on providing solutions for our Institutional, Insurance and Wealth clientsâ Way added.
âThey are freeing up about A$1 billion in capital and getting rid of a low growth, low return on equity business and putting more into a high growth, high ROE oneâ MST Financial Analyst Brian Johnson commented to Capital Brief.