Japanese investment dealers spent the better part of a decade in a funk, doing very little business in Canadian markets as head office focused fixing the domestic franchise.
Nomura, Japan's largest brokerage, may be breaking out of that slump, as there is speculation Monday that the dealer landed a top investment banker in the mining space.
Bloomberg is reporting that the chairman of Deutsche Bank AG's Canadian securities unit, Thomas Barber, is heading for Nomura.
Mr. Barber is known as a globe-trotting deal maker at resource companies, with enviable industry relationships. Prior to working for Deutsche Bank, he was a senior banker at Credit Suisse Canada and Morgan Stanley.