Nomura Wants to Charge Clients $134,000 for Premium Research
- In April document, bank suggested pricing packages to clients
- Emerging-market package would go for 80,000 euros per year
Signage for Nomura Securities Co., a unit of Nomura Holdings Inc., is displayed outside a branch in Tokyo, Japan, on Wednesday, Nov. 30, 2016. A recovery in Nomura's businesses outside of Japan is continuing in the current quarter, Nomura Chief Executive Officer Koji Nagai said at an investor forum today.
Photographer: Yuriko Nakao/BloombergAs the European ban on bundling research with brokerage services looms, Nomura Holdings Inc. has proposed that clients pay as much as 120,000 euros ($134,000) a year to access their favorite analysts.
That’s what the Japanese bank quoted in April for an all-inclusive "premium offering," according to a pricing document seen by Bloomberg News. While Nomura said pricing is still fluid and it’s being flexible in talks with clients, the guidance may indicate how banks and their clients will settle on how to value something they’ve rarely charged for.