ORIX's Global Power Play: Uniting US & Europe Under Terry Suzuki

NEW YORK, NY – January 02, 2026

ORIX Corporation has initiated a significant strategic overhaul, consolidating its U.S. and European operations into a single powerhouse business unit. Terry Suzuki, the current President and CEO of ORIX Corporation USA, has been tapped to lead this new entity, adding the title of Senior Managing Executive Officer of ORIX Corporation to his responsibilities. This move is not merely a leadership shuffle but a foundational element of the Japanese financial services giant's ambitious "Growth Strategy 2035," aimed at dramatically reshaping its global footprint and financial performance.

A Strategic Realignment for a ¥1 Trillion Goal

The new USA & Europe Business Unit is a cornerstone of a broader reorganization that segments ORIX's global operations into three pillars: Japan & APAC, Infrastructure, and the newly formed transatlantic unit led by Suzuki. This structure is designed to accelerate the company's pursuit of its 2035 vision, which sets forth aggressive financial targets, including achieving a net profit of 1 trillion yen and boosting its return on equity (ROE) from under 9% to a formidable 15%. To fuel this growth, the firm also aims to expand its total assets under management (AUM) from ¥74 trillion to ¥100 trillion.

The strategy is underpinned by three core focus areas: "PATHWAYS" for new growth industries like AI and digital transformation; "GROWTH" for capitalizing on global population and wealth increases through alternative investments; and "IMPACT" for concentrating on decarbonization and the circular economy. The creation of the USA & Europe unit directly targets the "GROWTH" pillar, aiming to more effectively harness the mature and lucrative markets on both sides of the Atlantic. This realignment highlights the critical importance of the firm's regional origination capabilities and its rapidly expanding asset management division in achieving its long-term financial ambitions.

The Architect of Transatlantic Growth

The selection of Terry Suzuki to helm this critical new division is a clear vote of confidence based on his proven track record. Since taking the CEO role at ORIX USA in 2019, Suzuki has been credited with architecting a significant "business transformation." He has successfully steered the U.S. arm away from a primary reliance on its own balance sheet, evolving it into a dynamic asset manager that attracts and manages substantial third-party capital from Limited Partners (LPs) worldwide.

His career with ORIX, which began in 1985, includes the successful launch of the private equity business of ORIX Capital Partners after rejoining the firm in 2015. This experience in building new ventures and transforming existing business models makes him uniquely suited to the challenge of integrating the diverse operations of the U.S. and European markets. In his expanded role, Suzuki will be supported by Ikuo Nakamura, an Executive Officer of ORIX Corporation, who will relocate to New York to oversee ORIX USA and report directly to him, ensuring tight alignment between the regional operations and global headquarters.

Forging Synergies Across Continents

The central thesis behind the new unit is the creation of powerful cross-regional synergies. Suzuki is now tasked with fostering deep collaboration between the leadership teams of ORIX USA, ORIX U.K., and ORIX Europe. The goal is to create a resource-sharing framework that can identify novel investment opportunities and deliver more comprehensive solutions to a global client base. This includes working in close alignment with key European leaders like Karin van Baardwijk, the CEO of Robeco.

The European side of the equation is substantial, anchored by ORIX Corporation Europe N.V., which already boasts assets under management in the tens of trillions of yen. Its portfolio includes the prominent Dutch asset manager Robeco, known for its sustainable investing prowess, as well as specialized firms like UK-based Gravis Capital Management and Spanish renewable energy developer Elawan Energy. By uniting these diverse capabilities—from private credit and real estate in the U.S. to sustainable equities and infrastructure in Europe—under a single strategic vision, ORIX aims to build a more resilient and diversified platform.

As Suzuki stated in the announcement, "Bringing together the strengths of our asset management platform as well as our business development teams across the U.S., U.K. and Europe will enable us to identify new opportunities, deepen collaboration, diversify our balance sheet investments and enhance the value we deliver to our clients.” This integration is expected to move beyond simple cost-cutting to genuine value creation, offering clients access to a wider spectrum of asset classes and geographic exposures.

Navigating a Competitive Asset Management Landscape

ORIX's strategic realignment occurs amidst a period of intense transformation and competition in the global asset management industry, which saw total AUM surpass $128 trillion in 2024. The market remains heavily dominated by U.S. behemoths like BlackRock and Vanguard, who collectively manage over $20 trillion. For a player like ORIX, standing out requires not just scale, but strategic differentiation.

The industry is rapidly consolidating, with major firms acquiring smaller, specialized players to gain new capabilities and achieve cost synergies, exemplified by BlackRock’s recent $12.5 billion acquisition of Global Infrastructure Partners. Furthermore, investor appetite is shifting decisively towards private markets and alternative assets like private credit and private equity, which are seen as key drivers of future returns. ORIX's move to unify its U.S. and European units, both of which have strong footholds in these alternative sectors, positions it to better capitalize on this trend.

By creating a more integrated platform, the firm can more efficiently originate deals, deploy capital, and offer sophisticated, cross-border alternative investment products to a global clientele that is increasingly looking beyond traditional public markets. This integrated approach is ORIX's definitive answer to the growing complexity and competition within the global financial markets, positioning the firm to pursue its ambitious long-term goals with a newly unified force.