Japanese brokerage Nomura has teamed up with Indonesian peer Verdhana to facilitate equities execution and research in the Southeast Asian nation.

The alliance, which awaits regulatory nod, will enable Nomura to access research coverage offered by Verdhana on more than 50 Indonesian stocks.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Under the arrangement, Nomura research sales will retain coverage of its international clients.

At the same time, the firm will take the help of Verdhana’s sales team for market data and onshore know-how.

Nomura’s equity trading unit Instinet will delegate Verdhana as its onshore broker and route market orders in Indonesia.

The international clients of Nomura can avail the research generated by Verdhana under the former’s brand.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Nomura head of Execution Services of Asia ex-Japan Tetsuhiro Nishi said: “As one of the top destinations for Japanese investment, Indonesia is a critical part of Nomura’s Asia Pacific footprint.”

Nomura head of Global Markets of Asia ex-Japan Rig Karkhanis believes that the tie-up will improve Nomura’s “market positioning and competitive advantage”.

“Nomura’s international clients will benefit from enhanced research coverage of Indonesian stocks,” Karkhanis noted.

Last July, BNP Paribas struck a similar partnership, announcing that it will source equity research in the Asia Pacific from Morningstar.

The agreement struck between the two parties enables Morningstar to offer equity research for BNP Paribas in China, Hong Kong, Singapore, South Korea as well as Taiwan.

Nomura has also just boosted its Americas investment team.