In an effort to expand and develop its Asian platform, Japanese bank Nomura has unveiled plans to establish a new Asian Infrastructure Project Office.
As the Japanese population declines and the domestic economic growth remains insipid, banks there have been searching for growth opportunities elsewhere in Asia. The underdeveloped infrastructure across the ASEAN region has caught the eye of Tokyo's Nomura.
The new business will be based in Singapore and is expected to launch in August this year. The business is a new growth area for Nomura that will focus on demand for funds to finance infrastructure projects in Asia as global investors increasingly seek alternative investments.
Singapore the Hub
«This is an exciting development for Nomura as we look to help our clients in Asia add value to their businesses through investment in infrastructure projects, Nomura’s long term strategy is focused on the growth of Asia and we want to help facilitate the development of the region by connecting markets east and west,» said Mitsutoshi Murakata, Head of the Asia Infrastructure Project Office.
The new team will aim to enhance Nomura’s role as an intermediary and network hub between Southeast Asia and Japan, as well as other regions, by leveraging Nomura’s existing platform and collaborating with other divisions to strengthen the group’s presence in Asia as a whole.
