NOMURA News Release

Nomura Appoints Serhan Cevik as Global Emerging Markets Economist

London, 23 June 2008 – Nomura has appointed Serhan Cevik as its Global Emerging Markets economist, based at the firm's European headquarters in London.

Serhan was previously at Morgan Stanley in London where he was the chief economist for the Middle East and North Africa including Israel and Turkey. Before that he was based in Washington, DC, holding research positions at the National Centre for Policy Analysis and the Centre for Strategic and International Studies.

"Serhan is one of the best economists in his field and we are very excited about his joining Nomura." said Shuichi Tamai, European Head of Research. "The emerging markets present huge growth potential to Nomura and our clients, and we are delighted to enhance our research capabilities with Serhan's knowledge and make another step towards delivering world class products to our clients."

Serhan has already published thought leading research discussing the desynchronisation of emerging economies. As one of his first event engagements he will be joining Nomura's Pan Asia Equity Caravan in continental Europe and London where he will be outlining his view on emerging economies for the coming months.

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For further information please contact:

Name Company Telephone
Jonathan Hodgkinson Nomura International +44 (0) 20 7521 2442

Notes to editors:

Nomura

Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 18,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: domestic retail, global markets, global investment banking, global merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.

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