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Nomura launches investment banking operations in India

Nomura launches investment banking operations in India
PTI
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First Published: Thu, Feb 05 2009. 05 13 PM IST
Updated: Thu, Feb 05 2009. 05 13 PM IST
Bangalore: Nomura Financial Advisory and Securities (India) Private Limited, a wholly-owned subsidiary of Nomura Holdings Inc, has launched its equity sales and trading and investment banking operations in India.
In October 2008, Nomura, a global investment bank, acquired the majority of Lehman Brothers’ employees in India, including the equities sales and trading, equity research, fixed income liquid markets sales and trading, and investment banking teams.
By integrating the former Lehman Brothers India franchise and obtaining its merchant banking licence and stock exchange memberships, Nomura India said in a statement it has significantly expanded its capabilities in India through a wide range of onshore financial solutions spanning securities brokerage, securities underwriting and advisory services.
Nomura Holdings COO Takumi Shibata said: “India is one of the most important region for Nomura’s global expansion.”
Currently, Nomura employs over 2,600 people in India, including its global services hub in Powai, which supports its infrastructure, systems and processes globally.
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First Published: Thu, Feb 05 2009. 05 13 PM IST