Nomura Asset Management Co., Ltd., a wholly owned subsidiary of Nomura Holdings, Inc., today announced that it has completed the acquisition of ING Group’s interest in ING Securities Investment & Trust Co., Ltd., Taiwan, the local asset management unit of ING Group, which was announced on January 10, 2014.
“This acquisition represents a significant first step in our full-scale entry into the asset management business in Taiwan,” said Kunio Watanabe, Nomura Asset Management CEO.
“Under the new management structure, we aim to further enhance our presence in the local market by leveraging the skills and capabilities that ING Securities Investment & Trust Co., Ltd., Taiwan, has built up over the years, while also driving continued growth across our investment management business in Asia.”
