New York, July 13, 2020—The Nomura Group and Wolfe Research today announced their
agreement to form a new strategic alliance1
Through the alliance, Nomura and Instinet clients in the US will be able to access top-tier US equity research and related services directly from Wolfe. In Japan, Nomura’s Retail and Institutional clients will be given access to Wolfe US Equity Research through a distribution arrangement.
Wolfe’s clients will be able to execute their unique content-driven trading strategies
via Nomura’s top ranked options, derivatives and equity swaps platform, and Instinet’s agency execution facilities. Nomura’s capital markets business will have access to Wolfe’s deep, longterm relationships with corporate issuers and robust corporate access program, and Wolfe’s clients will benefit from access to Nomura’s capital markets expertise and underwriting capabilities.
“We believe the strategic alliance with Wolfe further strengthens our equity product and client offerings, which are important to us as we continue to build on our commitment to the Americas. Our Japanese clients will benefit from the opportunity to receive Wolfe’s premier US Equity analysis through a distribution arrangement. Wolfe will also provide its industry leading research and analytics content to Nomura’s US Equity Derivatives, Delta One, and Prime Finance businesses. We are pleased to be part of such a timely and innovative agreement.” said Steve Ashley, Head of Nomura’s Wholesale Division.
Wolfe founder and Managing Member, Ed Wolfe, stated: “Wolfe’s top ranked, Research First content combined with Instinet’s leading agency-model execution and Nomura’s US equity products, derivatives trading, and capital markets capabilities will provide our clients the superior caliber service-oriented, conflict-free solutions they deserve. Wolfe and Nomura have highly complementary strengths that we believe, when leveraged collaboratively, will expand our already robust US equities offerings—while retaining the current ownership structure of both firms and avoiding the usual risks associated with more traditional business combinations and mergers.”
As part of the alliance, US-based Nomura and Instinet clients can sign up through Wolfe, to access its premier US Equity Research while continuing to access Nomura and Instinet trading and execution channels. Nomura’s Japanese Retail and Institutional clients will also have access to Wolfe’s US Equity Research through a distribution arrangement. Wolfe will also provide research and analytics services to Nomura’s US Equity Derivatives, Delta One, and Prime Finance clients.
Through this alliance, Nomura’s capital markets and distribution capabilities will be expanded and will benefit from the sector expertise and deep client relationships of Wolfe’s institutional sales force. Nomura will provide Wolfe’s clients with access to its top ranked US Equity swaps and options trading. Wolfe’s clients will also have access to Instinet’s suite of execution services.