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| Nomura launches equity, investment banking ops in India |
| Press Trust of India / Mumbai Feb 05, 2009, 19:47 IST |
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Japanese Banking major, Nomura Holdings has launched its equity sales, trading and investment banking operations in India through its wholly-owned local subsidiary Nomura Financial Advisory and Securities.
Last year, the banking giant had acquired the Asian business of collapsed investment bank, Lehman Brothers for around $230-million.
Nomura has significantly expanded its capabilities in the country through a wide range of onshore financial solutions by integrating Lehman's India franchise, it said in a press release.
The lender had recently received its merchant banking license and stock exchange memberships to operate in the domestic market, the bank said.
"India is one of the most important regions for Nomura's global expansion. I'm confident that our footprint in India will significantly expand moving ahead," Nomura Holdings' Chief Operating Officer, Takumi Shibata said.
The bank presently offers a range of financial solutions for its Indian customers such as securities brokerage, underwriting and advisory services, it said.
It employs 2,600 people in India at present and would initially focus on the sales and trading of Indian equities, futures and options, the bank said.
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