Nomura Asset Management International has selected IMTC’s platform to support fixed income capabilities across taxable and tax-exempt strategies. The move is aimed at offering more customised portfolio solutions for clients.
According to Nomura and IMTC, the agreement, announced on 17 March, will expand Nomura abilities to offer personalised offerings across both taxable and tax exempt US fixed income strategies.
According to a February JP Morgan report, municipal Separately Managed Account (SMA) which allow for easier tax harvesting strategies in munis, now hold US$1.3 trillion in assets under management across 180 managers.
IMTC already announced it had been onboarded by Franklin Templeton and T Rowe Price in March 2025 to help it scale their fixed income SMA s businesses.
Nomura completed its US$1.8 billion acquisition of Macquarie’s US and European public asset management business in December 2025 bringing in US$166 billion of client assets.
Nomura’s National High Yield Municipal Bonds fund AUM stood at US$2.9 billion while its Tax-Free USA Fund AUM stood at US$1.1 billion
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