Nomura hires McKinsey to examine Archegos failings

Risk framework under external review as DOJ reportedly opens probe into fund’s collapse

Nomura
Photo: MIKI Yoshihito/Flickr

Nomura has hired consultancy McKinsey to carry out a review of its risk framework in the wake of the losses it suffered from the blow-up of family office Archegos, according to people familiar with the matter.

Risk.net understands the consultancy won a tender to review the Japanese bank’s risk framework following its client’s default, which inflicted over $10 billion in combined losses on its prime brokers and sent shockwaves through the industry.

Nomura declined to comment. McKinsey has been

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