Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

A 41 Percent Economic Interest in American Century Investments to be Purchased by Nomura
  • USA - English


News provided by

American Century Investments

Dec 21, 2015, 08:00 ET

Share this article

Share toX

Share this article

Share toX

American Century Investments logo
American Century Investments logo

Kansas City, Missouri (PRWEB) December 21, 2015 -- American Century Investments and the Stowers Institute for Medical Research announced today that a non-controlling 41 percent economic interest in American Century currently held by CIBC will be acquired by Nomura, a leading global financial services group with operations in over 30 countries. Under the terms of a definitive agreement signed today, Nomura will purchase the CIBC-held shares for approximately $1 billion. The transaction is expected to close in the first half of 2016, pending regulatory approvals.

"By leveraging our new partnership 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.”Jonathan Thomas, American Century Investments CEO

Post this

“We welcome Nomura as a new strategic partner in the ownership of American Century and look forward to a long and successful relationship,” said Richard W. Brown, chairman of the board of the Stowers Institute for Medical Research and American Century. “The two firms share a similar client-centric vision founded on the principle that the ultimate measure of performance is our clients’ success. Given the complementary strengths and global growth ambitions of Nomura and American Century, I know this partnership is in the best long-term interests of our clients, employees and both firms’ shareholders.”

Post transaction, the controlling owner of American Century remains the Stowers Institute for Medical Research, a non-profit basic biomedical research organization. The late James Stowers Jr. founded American Century in 1958 and later, in 1994, co-founded the Stowers Institute for Medical Research with his wife, Virginia.

“The strength of Nomura’s asset management business in Asia complements American Century’s own success in North America,” said Jonathan S. Thomas, American Century president and chief executive officer. “By leveraging our new partnership 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 partner, 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,” said Thomas.

“We have enjoyed a strong and mutually beneficial relationship with American Century, and our minority position in their business has proved to be a very good investment for our shareholders,” said Victor Dodig, CIBC president and chief executive officer. “Recognizing that a path to control was not going to be available over time, we made the decision to work with ACI to monetize our investment. Through this divestiture we have further strengthened our strong capital position and we are moving forward with a clear set of strategic priorities to drive our long-term growth.”

The deal allows Nomura to access and leverage American Century’s asset management capabilities in order to develop investment solutions for its institutional and retail clients internationally. It also helps the firm further diversify its business interests, giving Nomura an expanded geographical presence in the U.S. investment management market. For American Century, the transaction provides the global asset management firm with a strategic partner whose prominence in Japan, Asia and other parts of world will help support its growth initiative to broaden global distribution of the firm’s products and services. American Century and Nomura have minimal overlap in investment strategies/products and regional coverage, which will allow both companies to benefit from each firm’s respective resources, expertise and client relationships. Beyond the minority investment, Nomura and American Century Investments have agreed to strategically explore ways to enhance their asset management businesses globally.

“Nomura is honored to enter into a long-term relationship with American Century – a proven and successful investment management company, and an organization which has stated its commitment to making a difference in the community through its Profits With a Purpose philosophy,” said Koji Nagai, Nomura Group CEO. “Nomura’s partnership 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,” he added.

“Nomura respects the value of American Century’s corporate philosophy and we believe that we are entering into a relationship with an outstanding long-term partner on the strength of our similar cultures, a shared investment outlook and a common set of values,” said Kunio Watanabe, CEO of Nomura Asset Management.

American Century’s business partnership with Nomura brings together a leading U.S. investment firm managing $149.3 billion* in assets and one of Asia’s top financial institutions. Headquartered in Tokyo, Nomura has nearly 29,000 employees serving clients around the world. Its primary lines of business include retail investment services, fixed-income and equities trading, merger-and-acquisition advisory services, merchant banking and asset management. With approximately ¥103 trillion ($858 billion) in client assets, Nomura is one of the largest financial services firms in Japan. Nomura Asset Management maintains approximately 24 percent of Japan’s retail investment market, making the firm the largest distributor of investment products and mutual funds in Japan.

Upon completion of the transaction to purchase American Century shares currently held by CIBC, Nomura will name two representatives to American Century’s 11-person board of directors. Also, Nomura will have a 10.1 percent voting interest. CIBC has held a non-controlling equity interest in American Century since August 2011, when it purchased a 41 percent stake. For the current transaction, American Century was advised by Perella Weinberg Partners, LP and Clifford Chance.

About Nomura
Nomura is an Asia-based financial services group with an integrated global network spanning more than 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporations and governments through its three business divisions: Retail, Asset Management and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. Nomura’s subsidiaries in the U.S. include Nomura Securities International, Inc. (a member of SIPC) and Nomura Corporate Research and Asset Management Inc. For further information about Nomura, visit http://www.nomura.com

About the Stowers Institute for Medical Research
The Stowers Institute for Medical Research is a non-profit, basic biomedical research organization dedicated to basic research – the critical first step in the quest for new medical diagnostics, therapies and treatments. Jim Stowers, founder of American Century Investments, and his wife, Virginia, opened the Institute in 2000. Since then, the Institute has spent over one billion dollars in pursuit of its mission. Currently, the Stowers Institute is home to 500 researchers and support personnel, over 20 independent research programs, and more than a dozen technology development and core facilities.

About American Century Investments
American Century Investments is a leading privately held investment management firm, committed to delivering superior investment performance and building long-term client relationships since its founding in 1958. Based in Kansas City, Missouri, the firm offers a broad, diversified set of actively managed investment capabilities and solutions to clients across the globe. Delivering investment results to clients enables American Century Investments to distribute over 40 percent of its profits to the Stowers Institute for Medical Research, a 500-person, non-profit basic biomedical research organization. The Institute is the controlling owner of American Century Investments and has received dividend payments totaling over $1 billion since 2000. For more information about American Century Investments, visit http://www.americancentury.com

American Century assets under management as of Nov. 30, 2015
# # #

Chris Doyle, American Century Investments, http://www.americancentury.com, +1 (816) 340-4638, [email protected]

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.