Nomura Holdings Inc., Japan’s biggest brokerage, hired top-rated Sanford C. Bernstein & Co. analyst Michael Nathanson as head of U.S. media and telecommunications equity research, according to a person familiar with the matter.
Nathanson is the top-ranked entertainment industry analyst in Institutional Investor magazine’s 2009 survey and was third in the survey for his coverage of publishing and advertising. He will work for the Tokyo-based company’s New York unit, Nomura Securities International Inc., starting in July, according to the person, who declined to be identified because the information isn’t public.
John Meyers, a spokesman for Bernstein in New York, declined to comment.
Nomura Securities plans to add almost 100 people in equity research this year, including about 20 publishing analysts. The firm last month hired Bank of America Corp.’s Michael Rietbrock as head of U.S. equity research in New York and David Puritz, formerly the head of U.S. convertible bond trading at Deutsche Bank AG, to run the business in New York.
Peter Truell, a spokesman for Tokyo-based Nomura, declined to comment. Nomura’s Americas unit plans to reach 2,000 staff in North and South America by the end of its fiscal year in March, up from about 1,400 at the end of last year, Truell said.