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| Nomura Holdings launches investment banking in India |
| BS Reporter / Mumbai Feb 06, 2009, 00:53 IST |
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Nomura Holdings, the largest Japanese securities firm, launched its equity sales, trading and investment banking operations in India though its subsidiary Nomura Financial Advisory and Securities.
Nomura integrated the franchises of failed US investment bank Lehman Brothers units in India, which it had acquired in October 2008. The Japanese financial major now claims to have significantly expanded its capabilities in the domestic market.
Takumi Shibata, chief operating officer, Nomura Holdings, said, “India is one of the most important regions for Nomura’s global expansion. Under the leadership of Vikas Sharma, President and CEO of Nomura India, and with a strong team combining Nomura and former Lehman Brothers’ expertise in India, I am confident that our footprint in India will significantly expand.”
Currently, Nomura employs over 2,600 people in India, including its global services hub in Powai, headed by RK Rangan, which supports Nomura’s infrastructure, systems and processes globally.
Tarun Jotwani, former chairman and chief executive officer of the Lehman Brothers India entity, now serves as head of global fixed income for Nomura and is based in Tokyo.
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