Nomura Holding America Inc. Establishes Nomura America Mortgage Finance
New York, 10 October 2006 - Emphasizing its commitment to the mortgage finance business, Nomura Holding America Inc. (NHA) announced today that it has created Nomura America Mortgage Finance LLC as a holding company for its growing commercial and residential mortgage businesses.
The new company will be headed by Donald J. MacKinnon, Managing Director, and will have a balance sheet in excess of $10 billion to facilitate expanding commercial and residential mortgage originations and purchases, as well as the creation of an asset management platform. The commercial and residential mortgage business will continue to operate through Nomura Credit and Capital Inc., which will be owned by the new company, and will expand under the new structure and adopt a more principal-finance based approach to the market. The day-to-day operations of the commercial mortgage business will continue to be led by Managing Director Mark Brown, and the day-to-day operations of the residential mortgage business will continue to operate under Managing Directors Brett Marvin and Don McCabe. The new corporate structure will sell mortgage-backed securities through a series of Wall Street underwriting and distribution alliances that have been put in place in recent months.
Commenting on the expansion of the mortgage business, Hideyuki Takahashi, President and Chief Executive Officer of NHA, stated: “The creation of Nomura America Mortgage Finance is an important step in realizing our strategy of expanding resources to make Nomura a leader in mortgage finance.”
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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.
