Nomura to strengthen and expand its Fixed Income Division
London, 6 October 2008 – Nomura today announced its intention to enhance the scale of its European fixed income division by hiring more than 150 former Lehman Brothers staff. The hires are in the flow and solutions businesses and will strengthen and add to Nomura's existing credit, interest rates and foreign exchange businesses. The fixed income businesses will continue to report to Zenji Nakamura, global head of fixed income.
"The topography of our industry is being transformed and as a result our business models need to change. We have attracted people in businesses who will provide immediate synergies of scale and scope, and have been identified as key to the evolution of our fixed income business," said Akira Maruyama, chief executive officer of global markets at Nomura Holdings.
"This has been a very dynamic time for Nomura in Europe. We have acted decisively and with speed. The people who are coming on board are known for their world class capabilities and I am confident they will add tremendous value to our existing operations," said Sadeq Sayeed, Chief Executive of the acquired businesses in Europe.
The new teams will reinforce Nomura's international strategy of building a major presence in targeted fixed income markets and strengthen Nomura's unique ability to harness flows of capital and deliver Asia to the world.
Today's news follows the company's purchase of Lehman Brothers' Asian operations and its European and Middle Eastern investment banking and equities businesses.
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For further information please contact:
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| Name | Company | Telephone |
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| Nichola Scola | Nomura International | +44 (0) 20 7521 2480 |
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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.
