Both firms believe the new alliance “will enable greater global reach, product expertise and capital commitment for clients of both firms” and allow them to capitalise on changing competitor dynamics in Australia and New Zealand.
“Nomura is a trusted and respected firm with a history of almost 100 years,” said Jarden chief executive James Lee.
“Both organisations are driven by our values, sharing an unwavering commitment to client needs and a focus on creating a sustainable future. We look forward to a longstanding relationship with Nomura.”
Jarden ended a previous 30-year strategic alliance with Credit Suisse in 2020 as it moved to expand its service offering into Australia, going on a local hiring spree in the wake of five years of growth and acquisition within New Zealand. Both Nomura and Jarden will continue to run stand-alone corporate advisory and capital markets businesses in Australia and New Zealand.
“Australasia is an important market for Nomura. Strong forecast deal activity in a post-pandemic environment across all products will favour investment banks that can support clients across the capital structure,” said Kenji Teshima, Nomura’s head of investment banking for Asia ex-Japan.
“Jarden’s strength in ECM and its relationships with leading Australasian companies will be complementary to our business, which has traditionally been strong in cross-border transactions and debt financing.”
