Japanese financial services group Nomura is planning to launch a new Asia infrastructure project office to develop its Asia platform.
Anticipated to be launched in August 2016, the new venture will focus on demand for funds to finance infrastructure projects in Asia. The business will be headquartered in Singapore, Nomura said.
Nomura head of the Asia infrastructure project office Mitsutoshi Murakata said: "This is an exciting development for Nomura as we look to help our clients in Asia add value to their businesses through investment in infrastructure projects.
"Nomura’s long term strategy is focused on the growth of Asia and we want to help facilitate the development of the region by connecting markets east and west as Asia’s global investment bank."
Nomura operates in over 30 countries. The bank services individuals, institutions, corporates and governments through its three key units namely retail, asset management, and wholesale (global markets and investment banking).