One of New Zealand's biggest investment firms is teaming up with Japan's biggest investment bank to chase business in New Zealand and Australia.
Photo: 123RF
Jarden Securities and Nomura have struck a strategic alliance to provide a broader range of services and products to corporates on both sides of the Tasman.
"Nomura brings substantial balance sheet support to our clients across the breadth of capital markets activity," Jarden executive chairman Bill Trotter said.
The companies said their new relationship would be complementary with little overlap in services or clients.
Nomura would provide its global network, product capabilities and financial strength to support Jarden clients across share and debt markets, and in merger and takeover deals.
The firms would run their own standalone corporate advisory and capital markets businesses in Australia and New Zealand.
Nomura head of investment banking outside of Japan, Kenji Teshima, said changing financial markets needed new approaches to doing business.
"Jarden's strength in ECM (equity capital markets) 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."
Jarden Securities was born out of FNZC (First NZ Capital) in 2019 after it expanded through the takeover of over smaller investment concerns including OMF and Direct Broking. Before 2002 it was owned by Swiss investment giant Credit Suisse.