Nomura Seeks to Hire Investment Bankers in U.S. to Boost FeesTakahiko Hyuga
Nomura Holdings Inc. is seeking to hire investment bankers and expand industry coverage in the U.S. to obtain more deals and increase fee income.
The firm will recruit people who can help lead coverage in the U.S. after completing a review of the industries it currently focuses on, Tatsuya Kobayakawa, a managing director for investment-banking strategic planning, said at a briefing in Tokyo today. He declined to say how many people may be hired.
Japan’s biggest brokerage is rebuilding its overseas operations after scaling them back to pare costs that swelled when it bought part of Lehman Brothers Holdings Inc. in 2008. Investment-banking global head Kentaro Okuda said in November that Tokyo-based Nomura plans to recruit about 20 bankers in the U.S. to bolster its mergers advisory business.
“We will be able to start generating larger profits in the U.S. if the size of the operation becomes bigger,” Kobayakawa said. “Our task is to strengthen our capacity to originate deals.”