Nomura to make Asia the center of operations

Nomura Holdings, Inc is reorganizing its global finance unit in Asia outside of Japan as part of a continuing overhaul of Japan’s biggest brokerage.

Global finance units within the investment banking and fixed-income divisions will be reorganized into two main areas: debt origination including debt capital markets, private placements, leveraged finance and private financing activities and risk solutions.

About two months into the job, Chief Executive Officer Koji Nagai is reshaping Nomura by promising to cut US$1 billion in costs and make Asia the centre of its global operations. Nomura began eliminating some 30% of jobs at its European, Middle East and African investment banking division last week.

Some 45% of the latest cost savings will come from Europe, 21% from the Americas and 34% from Asia and Japan. Nagai’s restructuring follows a four-year effort by his predecessor, Kenichi Watanabe, to build Nomura’s overseas business after buying Lehman Brothers Holdings Inc.’s European and Asian units in 2008.

Nomura is expanding its fixed-income operations, however. It will reassign people from other divisions to join the unit.

Also Read

Siam Commercial Bank offers 0% interest solar panel installation packages

Improved lending to MSMEs needed: central banker

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit