Nomura remains on track for best overseas results in 7 years

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Nomura's overseas business remains on track to return to profit by March for the first time in seven years despite Britain's vote to leave the European Union, its chief operating officer said.

Reuters reports that investors were seeking liquidity and hedging products in response to ultra-low interest rates and volatile foreign exchange markets, compensating for any Brexit-linked headwinds, Tetsu Ozaki said in an interview on Thursday.

"We didn't expect these conditions but our clients' needs have increased more than we imagined," Ozaki said, referring to post-Brexit market volatility.

"We said we wanted to (return the overseas business to profitability), and that direction won't change."

To access the complete Reuters article hit the link below:

Nomura's overseas division to return to profit by March - COO

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