Heritage
Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East and West, we serve the needs of individuals, institutions, corporates, and governments through our three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking).
Nomura traces its origins back to the late 1800s when Tokushichi Nomura I set up a money changing business in Osaka. Tokushichi’s son, Tokushichi Nomura II, would later take over his father’s business and in 1925 founded Nomura Securities with 84 employees.
Now, as we mark the 100th anniversary of Nomura’s founding on December 25, 2025, we celebrate a century of innovation, resilience, and our enduring commitment to “putting the customer first”—a principle that has guided us from the beginning.
Nomura Capital Management LLC (NCM) is a wholly owned subsidiary of Nomura Holding America Inc., which is part of the global financial services group that has been shaping markets and serving clients for over a century.
Nomura traces its origins back to the late 1800s when Tokushichi Nomura I set up a money changing business in Osaka. Tokushichi’s son, Tokushichi Nomura II, would later take over his father’s business and in 1925 founded Nomura Securities with 84 employees.
Now, as we mark the 100th anniversary of Nomura’s founding on December 25, 2025, we celebrate a century of innovation, resilience, and our enduring commitment to “putting the customer first”—a principle that has guided us from the beginning.
Nomura Capital Management LLC (NCM) is a wholly owned subsidiary of Nomura Holding America Inc., which is part of the global financial services group that has been shaping markets and serving clients for over a century.

Leadership
Robert Stark
Chief Executive Officer, NCM
Matthew Pallai
Chief Investment Officer, NCM
David Crall
Chief Executive Officer and Chief Investment Officer, NCRAM
Matthew Nelson
Chief Operating Officer, NCM
Steve Schlow
Head of Intermediary Distribution, NCM
Alla Babikova
Head of Institutional Distribution, NCM
Petek Pekgoz
Head of Marketing, NCM
Neil Daniele
Head of Compliance, NCM
Yusuke Ando
Chief Executive Officer,
NAM USA
NAM USA
Investment Approach
Nomura Capital Management LLC (NCM) is a Credit manager navigating the spectrum of public and private debt for intermediary and institutional clients. Nomura has over 30 years of experience in the credit markets. Our focus on seeking attractive risk adjusted returns and our devotion to the preservation of capital permeates each of our unique strategies and products that we manage. At the core of our investment philosophy sits an engine driven by fundamental credit research and a robust ability to assess relative value across the global credit markets. Our investment led organization and client first mindset allows us to form deep relationships that expand beyond our products and into lasting partnerships.
For Japan, Asia and Forestry/Nature-based strategies available to US institutional investors, please visit NAM USA website.
By clicking on the link, you will be leaving the website of Nomura Capital Management (NCM). NCM is not responsible for any information contained on external websites and such information is not to be considered a promotion or recommendation of any security, strategy or product.
Contact Us

Nomura Capital Management LLC
Worldwide Plaza, 309 West 49th Street
New York, NY 10019
Worldwide Plaza, 309 West 49th Street
New York, NY 10019

+1 (212) 667-9996