Tokyo, April 28, 2020 Nomura Research Institute, Ltd. (NRI) today announced its wholly owned Australian subsidiary Nomura Research Institute Australia, Pty Ltd（Headquarters: Sydney Australia）concluded an agreement to buy 100% of the shares of Australian Investment Exchange Ltd (AUSIEX, Headquarters: Sydney Australia), from AUSIEX parent Commonwealth Bank of Australia Limited (“CBA”, Headquarters: Sydney Australia).
Long-term structural growth in Australia’s wealth management market
Following in the footsteps of the acquisition of ASG Group Limited (Headquarters: Perth Australia), the AUSIEX acquisition demonstrates NRI’s steady expansion of its Australian and overall global footprint in line with its long-term management vision “Vision2022”.
The acquisition serves as an anchor point for NRI’s accelerated expansion into global financial markets, as it establishes its presence as a major technology and operations services provider in the Australian wealth management market. Long-term structural growth in savings is expected to continue with Australia’s national superannuation pension system and growing population.
AUSIEX – catering to the back office needs of major financial institutions and IFAs
AUSIEX is the wholesale arm of Commonwealth Securities Limited, a subsidiary of CBA, and trades under the brand name CommSec Adviser Services. AUSIEX is one of Australia’s leading providers of trade execution, settlement and portfolio admin solutions. AUSIEX boasts over 10,000 independent financial advisors (IFAs) and major financial institutions, to which it provides high value added services with its in house developed IT systems and standardized operations.
Strategic view of this acquisition
NRI will provide AUSIEX with the globally recognized securities transaction management system (I-STAR/GV) and other specialized system development and operations knowledge while investing in the development of new services, and strengthen the business base through actively promoting new relationships with strong external vendors, to play a pivotal role in Australia’s capital market infrastructure.