Nomura announced plans today to set up a new Asia Infrastructure Project Office to expand and develop its Asia platform. The new business will be based in Singapore and marks a new growth area for Nomura which will focus on demand for funds to finance infrastructure projects in Asia as global investors increasingly seek alternative investments.

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Mitsutoshi Murakata, Head of the Asia Infrastructure Project Office, 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.”

The aim of the project is to enhance Nomura’s role as an intermediary and network hub between Southeast Asia and Japan, as well as other regions, by leveraging Nomura’s existing platform and collaborating with other divisions to strengthen the group’s presence in Asia as a whole.

Nomura expects to launch the new business in August.