Based in Missouri, American Century offers a broad, diversified set of actively managed investment capabilities and solutions to clients across the globe.
Upon completion of this acquisition, Nomura will have an expanded investment footprint in the US investment management market.
Nomura will also have access to American Century’s asset management capabilities to develop investment solutions for its retail and institutional clients internationally.
American Century president and CEO Jonathan Thomas said: "The strength of Nomura’s asset management business in Asia complements American Century’s own success in North America.
"By leveraging our new relationship with Nomura, we’ll be able to build upon the success of our global business and broaden the array of clients who can access our investment management capabilities.
"As we welcome Nomura as a strategic investor, I want to thank CIBC for what proved to be a mutually beneficial relationship over the past four years. Going forward, CIBC remains one of our largest and most-valued clients."
Subject to regulatory approvals, the acquisition is expected to be completed in the first half of 2016.
Nomura and American Century will also strategically explore ways to improve their asset management businesses globally.
The deal will help American Century to achieve its goal of expanding non-US distribution of the firm’s products and services.
Nomura CEO Koji Nagai said: "Nomura’s relationship with American Century will bring value to both firms and the deal represents Nomura’s continuing ambition to put clients at the center of everything it does while connecting markets east and west."
Image: American Century Towers I & II in Kansas City, Missouri. Photo: courtesy of Charvex / Wikipedia.
