From Tokyo to the
Nomura International plc is the U.K.-based subsidiary of Nomura
Holdings, Japan's largest securities group. Its 190 offices are
located in 30 countries. Best known in Japan as a domestic retail
bank, Nomura has shown increasing interest in expanding its global
operations. Worldwide, Nomura offers a full range of securities and
investment banking services, including asset management, securities
brokerage, underwriting, merchant banking, corporate advisory,
M&A advisory, derivatives, foreign exchange, sales and trading,
The firm's roots go back to 1919 when Tokushichi Nomura founded
the Osaka Nomura bank, giving rise to Osaka-based Nomura
Securities, which spun off in 1925. Two years later, Nomura
Securities became the first Japanese securities firm to open an
overseas office. In 1946, the firm's headquarters shifted to Tokyo,
and five years later, it launched an investment management
business. Nomura is credited with pioneering the use of
investment trusts. It was also one of the first foreign-owned
companies to gain membership on the London Stock Exchange.
In 2007, Nomura paid US$1.2 billion to acquire Instinet, Inc., a
major electronic trading services provider with 1,500 clients
worldwide. And in 2008, after the spectacular collapse of U.S.
investment bank Lehman Brothers, Nomura swooped in to buy Lehman's
equities and investment banking operations in Europe, Asia, and the
Middle East. The Asian businesses sold for £123 million (US$225
million), while the European and Middle East arms went for the
nominal sum of-this isn't a typo-£1.09 (US$2), which was not a bad
deal, considering that Europe and Asia typically represented half
of Lehman's annual revenue.
Today, the Nomura Group is a sprawling financial services
network that encompasses Nomura Holdings and its many subsidiaries,
as well as 20-plus group companies that provide everything from
funds research to consulting to health care financing.