Nomura Holdings Inc. is targeting a 20% revenue increase for its global markets unit over the coming years, moving past setbacks like the Archegos Capital scandal. Rig Karkhanis, head of global markets, outlined that macro, credit, securitised products, equities, and wealth management would drive growth. Last year the unit’s revenue increased by 8% to approximately USD4.6bn. This growth has been sustained across four consecutive quarters, reversing previous losses and marking a return to profitability for Nomura’s overseas operations. Karkhanis emphasised improvements in risk oversight and cost management to enhance profitability. Additionally, Nomura is focusing on expanding its equities operations in Asia and EMEA, leveraging cross-regional and product strategies, and planning to double its US team and revenue.