Japanese investment bank Nomura Securities International Inc. is well known in the Asia-Pacific region, but less so in North America. To change that, management has announced a spate of U.S. hires in the past month.
Currently, Nomura's New York operations are driven by fixed-income products and quantitative research. But this summer the equity side of the business has been targeted for expansion, particularly in research.
The new hires include senior analysts for banks, telecom, specialty retail and gaming, lodging and leisure. Moreover, these hires haven't been sitting on the sidelines, unable to find work since the Great Recession. Each has come directly from competitors like Goldman Sachs, JP Morgan Chase, Credit Suisse and Lazard Capital Markets.
Nomura has also been ramping up outside the U.S. Since July high-level hires such as a new Australian equity research head and a new head of equity capital markets in Asia, excluding Japan, have been brought on.