Nomura Holdings (TYO:8604) asset management arm Nomura Asset Management is launching an initiative to transfer dozens of employees from its Tokyo base to international hubs like London and New York, Bloomberg News reported on Tuesday, citing president Hiroyasu Koike.

Koike said this move aims to cultivate internal talent for investment and sales roles, strengthening the firm's global competitiveness, the newswire said.

Koike emphasized that enhancing international capabilities is essential for the company's future, with plans to proactively send trainees and staff abroad for development, the publication said.

This strategy responds to regulatory concerns that Japanese asset managers often fall behind global rivals due to limited product offerings, said the report.

While the company currently has about 30 staff overseas, Koike intends to substantially increase this number, considering offices in New York, London, Singapore, and locations tied to recent acquisitions by its parent company, the news wire said.

Despite managing approximately 99.7 trillion yen or $643 billion, Nomura's assets remain far smaller than industry leaders like BlackRock, it added.

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