Nomura adds investment bankers after trimming in equities

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Nomura's on-again, off-again global expansion is taking another twist with plans to hire investment bankers in the U.S. and Asia even as it trims equity staff in Hong Kong.

Bloomberg News reports that the brokerage will recruit about 20 senior bankers to boost its mergers and acquisitions business, global investment banking head Kentaro Okuda said.

It cut about 12 Asia equities jobs to focus on more profitable operations, a person with knowledge of the matter said yesterday.

The bankers to be added in the U.S. will cover industries including hotels, real estate, gaming, financial sponsorship, health care and chemicals, Okuda said. Nomura will also increase coverage in China, Australia, India, Indonesia and the Philippines, he added.

To access the complete Bloomberg News article hit the link below:

Nomura to Hire 20 Bankers After Cutting Asia Equity Jobs

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