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NRI acquisition of the AUSIEX business

Overview

Overview

Nomura Research Institute (NRI) has entered into an agreement with Commonwealth Bank of Australia (CommBank) to acquire Australian Investment Exchange Ltd (AUSIEX). AUSIEX is the wholesale arm of Commonwealth Securities Limited (CommSec) and trades under the brand name CommSec Adviser Services. 

The acquisition includes the broking operations, licence and assets of AUSIEX. The broader CommSec retail broking business is not affected by the acquisition.

The Accelerator Cash Account (ACA) and Investment Lending products which are offered under CommBank’s banking licence will remain with the bank. For the immediate future you will still be able to view and transact on you clients’ cash accounts and access investment lending accounts the way you do today.

About NRI

About NRI

Founded in 1965 and headquartered in Tokyo, Nomura Research Institute (NRI) is an independent, well capitalised, respected provider of technology and operational services in the Japanese broking market, serving over 80% of institutional brokers, 50% of retail brokers and 80% of asset managers.

NRI have a significant global business and are present in 69 subsidiaries in 15 countries and regions. They are well capitalised and have a market cap of A$22bn (as at April 2020), with an ambition to be a market leader in Australia for wholesale broking services and portfolio administration.

NRI are committed to investing in the long term success of our business and are strong supporters of our strategy and vision. We are excited about the opportunity ahead as an independent Fintech business, focussed on delivering long-term value to our clients.

To find out more about NRI and their business take a look at our NRI Info Pack

More about NRI

About NRI
What to Expect

What to Expect

A lot of work has been going on behind the scenes to separate AUSIEX from CommBank and we’re expecting ownership of the AUSIEX business to transfer to Nomura Research Institute (NRI) in the second quarter of 2021. We are continuing to work with NRI on the separation plan and will be able to communicate more concrete dates early 2021. 

You will have recently been notified that Commonwealth Securities Limited (CommSec) have announced their intention for a long-term withdrawal of the Commonwealth Bank of Australia (CommBank) Accelerator Cash Account (ACA). 

With this news there remains no short term changes to how you manage your clients’ ACA accounts. Furthermore, we would like to assure you that AUSIEX remains committed to providing access to cash settlement solutions that work seamlessly with your clients’ share trading accounts. AUSIEX aims to provide you with alternative cash accounts for origination and settlement through their website and will continue to facilitate settlement to any third party bank account, as per the current experience.

Investment Loan and CALIA+ information will continue to be available on the AUSIEX website after separation. As such, there will be very few differences in the way you manage client Investment Loans after separation. A notification of these minor changes was recently sent and we will continue to keep you updated with any new information as it comes to hand.

Over the coming weeks and months we expect there will be much more to share with you and will do so through emails, webinars, updates to this microsite and through the relationships you have with our team.

Until AUSIEX separates from CommBank, you will continue to receive communications in regards to trading, cash and lending products from CommSec Adviser Services. From the date of ownership change, all communications regarding trading will come from AUSIEX under AUSIEX branding, while CommSec will continue to provide updates about cash and lending products under the CommSec Adviser Services brand.

Client Pack

Client Pack

To support you in discussions with your clients, we have prepared a one page Fact Sheet and NRI Info Pack that you can share with your clients.

Client Fact Sheet NRI Info Pack

FAQs

Frequently Asked Questions

On 28 April 2020, Nomura Research Institute (NRI) entered into an agreement with Commonwealth Bank of Australia (CommBank) to acquire Australian Investment Exchange Ltd (AUSIEX). AUSIEX is the wholesale arm of Commonwealth Securities Limited (CommSec) and trades under the brand name CommSec Adviser Services. 

The acquisition includes the broking operations, licence and assets of AUSIEX. The broader CommSec retail broking business is not affected by the sale.

The acquisition does not include Cash (ACA) and Investment Lending products which will remain with CommBank. 

AUSIEX is the wholesale arm of CommSec and trades under the brand name CommSec Adviser Services. CommSec Adviser Services provides products and services to financial advisers, brokers, accountants and financial institutions offering trading, cash and lending to Australian investors.

‚ÄčNomura Research Institute (NRI) is an independent, well capitalised, respected provider of technology and operational services in the Japanese broking market, serving over 80% of institutional brokers, 50% of retail brokers and 80% of asset managers. 

NRI’s ambition is to be a market leader in Australia for wholesale broking services and portfolio administration.

You can find out more about NRI on their website at nri.com/en.

Nomura Research Institute (NRI) is the market leader in wholesale broking in Japan and have a significant global business. They see the long term value in the Australian market and have an ambition to be the market leader in Australia for wholesale broking services and portfolio administration. 

We are excited about the opportunity ahead as an independent Fintech business, focussed on delivering long-term value to our clients.

Nomura Research Institute (NRI) is currently the largest provider of technology, portfolio administration and trade services in Japan, serving over 80% of institutional brokers, 50% of retail brokers and 80% of asset managers.

The acquisition includes the broking operations, licence and assets of AUSIEX.

You will have recently been notified that Commonwealth Securities Limited (CommSec) have announced their intention for a long-term withdrawal of the CommBank Accelerator Cash Account (ACA). 

With this news there remains no short term changes to how you manage your clients’ ACA accounts. Furthermore, we would like to assure you that AUSIEX remains committed to providing access to cash settlement solutions that work seamlessly with your clients’ share trading accounts. AUSIEX aims to provide you with alternative cash accounts for origination and settlement through their website and will continue to facilitate settlement to any third party bank account, as per the current experience.

Investment Loan and CALIA+ information will continue to be available on the AUSIEX website after separation. As such, there will be very few differences in the way you manage client Investment Loans after separation. A notification of these minor changes was recently sent and we will continue to keep you updated with any new information as it comes to hand.

In the short term there will be no change for you and your clients. You can continue to trade and set up new accounts the way you do today.

We remain committed to giving you the simplest online account opening experience, utilising digital ID verification and acceptance. You can also still expect the same high standards of service from our team through any of our available channels.

In the short term there will be no impact or change for you and your clients. 

Throughout this process we want to assure you that trading will continue uninterrupted. Your login details and those of your clients will not change. Neither will your subscriptions or open orders you have in place. You'll continue to see historical trading activity and reporting.
 
Upon change of ownership, trading (the broking operations and licence) will move across with the new AUSIEX business. Cash (ACA) and Investment Lending products will remain with CommBank through CommSec Adviser Services, offered under Commonwealth Securities Limited (CommSec).  

You will have recently been notified that CommSec have announced their intention for a long-term withdrawal of the CommBank Accelerator Cash Account (ACA). With this news there remains no short term changes to how you manage your clients’ ACA accounts. 

Investment Loan and CALIA+ information will continue to be available on the AUSIEX website after separation. As such, there will be very few differences in the way you manage client Investment Loans after separation. We will continue to keep you updated with any new information.

Our leadership team and majority of our people will transition to Nomura Research Institute, so you will continue to receive the same level of excellent service as today.

We are committed to ensuring you are kept up-to-date. We will provide you with plenty of advance notice and ample support to guide you through the changes.

This dedicated microsite has also been set up to support you through the transition.

You can also contact your Business Development or Relationship Manager, or our Adviser Services team on 1800 252 351.

Nomura Research Institute (NRI) has long acknowledged the value of retaining and empowering local leadership and staff, recognising that the strength of our team is what sets us apart. 

NRI is committed to making the transition as smooth as possible, with the majority of staff transitioning to the new business. We are also committed to providing the same level of excellent service and will be maintaining a presence in our state based offices.

A lot of work has been going on behind the scenes to separate AUSIEX from CommBank. With a busy few months ahead of us, we’re pleased to report that we are expecting ownership of the AUSIEX business to transfer to Nomura Research Institute in the second quarter of 2021. Over the coming weeks and months we expect there will be much more to share with you and will do so through emails, webinars, updates to this microsite and through the relationships you have with our team.

Until AUSIEX separates from CommBank in the second quarter of 2021, you will continue to receive communications in regards to trading, cash and lending products from CommSec Adviser Services. From the date of ownership change, all communications regarding trading will come from AUSIEX under AUSIEX branding, while CommSec will continue to provide updates about cash and lending products under the CommSec Adviser Services brand.

We are committed to providing you with plenty of advance notice and ample support to guide you through any changes. If you have any further questions please reach out to your Business Development or Relationship Manager, or call our Adviser Services Team on 1800 252 351.

Planning and preparation is in progress and our main priority is to create an efficient and seamless transition for our clients. 

The transaction is expected to be completed in the second quarter of 2021, after which AUSIEX will no longer be part of either CommSec or Commonwealth Bank of Australia. We will keep you updated as soon as we are able to share more concrete dates.

AUSIEX will be a standalone Australian business. As the sole shareholder Nomura Research Institute (NRI) will be appropriately represented on the board. The day-to-day running of the business will remain with the current leadership team, and our people will continue to be based in Australia.

Over time it is expected that AUSIEX will make use of NRI’s proven technology capability and expertise in global capital markets.

The CommSec Adviser Services name and brand will continue to be used by CommBank in relation to Cash (ACA) and Investment Lending products. This is to differentiate these products from CommSec’s retail offerings. Trading products and services currently offered under the CommSec Adviser Services brand will be offered under the new AUSIEX brand once the transaction is complete.

The day-to-day running of the business will remain with the current leadership team, and our people will continue to be based in Australia as they are today.

The CommSec retail business which services direct clients will remain with Commonwealth Bank Australia.

Not at all. The bidder Nomura Research Institute (NRI) have been following the Australian market and the AUSIEX business for a number of years. This transaction has been in the making for some time and we have been dealing with NRI for many months.

Importantly, even as we navigate through unprecedented times, NRI still sees AUSIEX as an important and strategic acquisition and remains committed to investing in the business for the long term.

If you have any further questions please speak to your Business Development or Relationship Manager, or call our Adviser Services Team on 1800 252 351, between 8:30am-6:00pm (Sydney time), Monday to Friday.

Contact Us

Need more information or support?

If would like any further information, please speak to your Business Development or Relationship Manager, or call our Adviser Services Team on 1800 252 351.