Tokyo, Oct 14, 2008 - (ACN Newswire) - Nomura Holdings, Inc. today announced that it had closed the acquisition of most parts of Lehman Brothers' Asia Pacific franchise including Hong Kong, Singapore, Australia, India, Thailand, and Japan, following conditions being met in sequence in each country.
The majority of Lehman Brothers' employees in Asia Pacific have accepted Nomura's offer of employment. This increased presence will significantly enhance Nomura's capabilities in the Asia Pacific region.
Along with the announcements to acquire Lehman Brothers' European and Middle Eastern investment banking and equities businesses, its service platform in Powai, India, and hire a number of former Lehman Brothers fixed income employees in Europe, the transaction represents a significant step in Nomura's strategy to accelerate growth across international markets.
Kenichi Watanabe, Nomura's President and CEO, said: "Together with our new colleagues who joined Nomura from Lehman Brothers, we are now ready to work together closely to realize our goal of becoming a world-class investment bank that delivers maximum value to our clients and shareholders."
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.
Oct 14, 2008
Topic: Corporate Announcement
Sectors: Financial General
From the Asia Corporate News Network
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