Hiring season at Nomura Holdings Inc. isn't over yet. Plowing forward with its U.S. development plans, the large Japanese bank says it is planning to add 300 more to its work force in the Americas, currently at 1,300, by the end of its fiscal year (March 31).
Nomura has been in expansion mode since it acquired Lehman Brothers's European and Asian operations last September. Taking advantage of the weakened state of rival banks in the U.S., the bank has been strengthening its foothold in the U.S where big money managers are seeking to build relationships with foreign commercial banks.
"We couldn't find any global investors who do not do business in U.S. equities or U.S. fixed income. So we need to be where our clients are," said Takumi Shibata, Nomura's deputy president, in the The Wall Street Journal.
While its equity platform has been established, its fixed-income business is still growing. The firm says it hopes to name the head of U.S. investment banking soon, then build a team around that person.
The bank hired 240 workers in the first half of the year. And according to a previous FINS conversation with Ciaran O'Kelly, Nomura's managing director of U.S. equities, the bank was looking to fill positions in program trading and quantitative trading, statistical arbitrage and algorithmic trading.
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