Nomura announces the launch of its international wealth management business in Dubai

Nomura International Wealth Management will become part of the DIFC ecosystem, which is home to more than 300 wealth and asset management firms, constituting a substantial USD 500 billion asset management market in terms of assets under management (AUM).

Arif Amiri, CEO of DIFC Authority, commented:

We are delighted to see Nomura‘s growth plans flourish in DIFC, Dubai and the region. With over USD3 trn of private wealth within an hour’s flight of the city, and access to a combined GDP of USD8 trn across the MEASA region, there continues to be strong demand for global wealth and asset management firms establishing and expanding premises in DIFC.

Ravi Raju, Head of International Wealth Management, Nomura, added:

DIFC has long established itself as the Middle East’s de facto financial hub and international financial centre. Our on-the-ground presence here will help us better tap into the vast pools of wealth in this region, to complement our strategy of serving clients across Greater China and Southeast Asia as well as the global NRI segment.

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