Nomura Securities International, Inc. Exits Mortgage Trading Business as Newly-Formed Nomura America Mortgage Finance Expands
New York, 10 October 2006 - Nomura Securities International, Inc. (NSI), the U.S. broker-dealer, announced that it will cease to trade Agency mortgages in the new issue and secondary markets and will also cease to trade residential and commercial mortgage-backed securities in the secondary market. NSI will continue to trade synthetic versions of CMBS and will also continue to finance CMBS and RMBS through repurchase agreements.
NSI’s exit from certain areas of the mortgage market coincides with the formation of Nomura America Mortgage Finance, a newly-formed holding company that will facilitate the expansion of commercial and residential mortgage originations and the creation of an asset management platform. Hideyuki Takahashi, President and Chief Executive Officer of Nomura Holding America Inc., the parent of both companies, commented: “The shift of the mortgage business out of the broker-dealer and into a dedicated mortgage company provides the focus needed to expand and vertically integrate the business and move to a more principal-finance based approach.”
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For further information please contact:
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| Name | Company | Telephone |
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| Ralph Piscitelli, Director of Corporate Communications | Nomura Securities International, Inc. | 212-667-2430 |
Notes to editors:
Nomura Group
Nomura is a global financial services group dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, 139 branches in Japan, and an international network in 29 countries; with regional headquarters in Hong Kong, London, and New York. The Group’s business activities include investment consultation and brokerage services for retail investors in Japan, and, on a global basis, brokerage services, securities underwriting, investment banking advisory services, merchant banking, and asset management. For further information about Nomura please visit our website at www.nomura.com.
Nomura Group is represented in the Americas by Nomura Holding America Inc. (NHA), which operates from six strategically positioned offices in North and South America. These six offices include the four offices of the U.S. broker dealer, Nomura Securities International, Inc. Both NHA and NSI are headquartered in the World Financial Center in New York.
