Nomura eyes U.S. hiring binge for global ambition

TOKYO (BestGrowthStock) – Nomura Holdings Inc (8604.T: ), Japan’s largest brokerage, plans to increase its bankers in the United States by 25 percent to 2,000 by March next year.

Nomura wants to further beef up its U.S. equity and fixed income trading businesses, and then tackle deals, Nomura Chief Operating Officer Takumi Shibata said in an interview on Wednesday.

Nomura bought the Asian and European operations of failed Wall Street bank Lehman Brothers in 2008 in a push overseas, but let Barclays (BARC.L: ) grab Lehman’s U.S. arm. Nomura has been looking to expand in the United States on its own.

The brokerage aims to have about 75 percent of revenue coming from its overseas business in five years, an increase from the current 50 percent, Shibata said. The U.S. expansion will drive much of the growth, he added.

Nomura has achieved its target of more than doubling its U.S. staff to 1,600 by the end of this month, Shibata said.

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(Reporting by Jack Reerink, Junko Fujita, Emi Emoto)

Nomura eyes U.S. hiring binge for global ambition