Nomura to cut a sixth of branches

Source: Nomura

Nomura Securities Co., Ltd., a wholly owned subsidiary of Nomura Holdings, Inc., today announced that it will consolidate some of its retail branch offices located in metropolitan areas.

The firm plans to consolidate 25 branch offices, mainly in Tokyo, Osaka and Nagoya, from early August to early September.

Nomura has built up a network of 156 branch offices throughout Japan to provide optimal financial services that meet the diversified needs of its clients.

However, in light of recent advances in technology as well as the changing age demographic and increasingly diversified needs of clients, the functions and roles expected of branch offices have changed.

By strategically consolidating branch offices and assigning specialized sales partners to each branch office, Nomura aims to more closely align its offering to the individual needs of its clients.

In addition to expanding branch office functions, the firm will enhance value to its clients by offering more flexible business hours as well as life planning and inheritance consulting services that make use of digital tools.

Nomura will continue tailoring its services to meet the specific needs of its clients in the 100-year life era in order to become their most trusted partner and their financial institution of choice.

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