Nomura Holdings will reorganize its operations in April, creating a new, broader division to replace its asset management and merchant banking teams, Nikkei learned Monday.

The overhaul will put control of Nomura Asset Management and other key subsidiaries under the new investment management unit, which will bring together know-how now scattered within the Japanese financial services group.

The move reflects Nomura’s shift in emphasis from public to private markets and other new areas under Group CEO Kentaro Okuda, who took office last April.

Read more/Source: Nikkei Asia