Nomura Holdings has signed an agreement with Japan Post Bank, Japan Post, and Sumitomo Mitsui Trust Bank, Limited to establish a new asset management company and develop asset management products.
Nomura will take a 20 percent stake in the new company, while Japan Post Bank will take a 45 percent stake, Sumitomo Mitsui Trust Bank a 30 percent stake, and Japan Post a 5 percent stake.