Well, there's no way it could buy a BB...

I think the idea is just beef up its size first Then it can - Gain market share/do better in league tables - If you do enough deals, you'll done 1-2 REALLY BIG deals that's going to improve its name in America - Increase network - Their name being out there more often the more deal work they do

 

they should really consider buying Morgan stanley, which is the cheapest BB.

However if you read what Nomura says in the news report, they don't want to be a BB. They just want to go from shitboutique status to middle market status so they dont' "miss any links internationally".

 

How do you think BB became BB.....consolidation with smaller and or equal size shops that had a competitive advantage and allowed it to cross market products and services?

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

That's very odd. Glenn Schiffman has been making all sorts of noises about taking over the world. At least thats what he's been telling his people. And then you have the Shogun from Tokyo saying they just want to have a credible presence.

People are always afraid that if NMR NY can't deliver the pipeline to justify its crazy expansion, the Japanese are going to pull the plug pretty quick.

 

as somebody from Nomura in europe mentioned to me once: "when it comes to winning mandates Nomura is like the ugly chick at the beauty pageant"

though most of the people I met there were pretty laid back, seemed to enjoy the culture. On the other hand I also heard story of interns who pulled all nighters their first night on the job.

they got a cool new office in the city now. havent seen them on anything in the m&a world though. they also seemed to have problems having kids stick around after getting offers there.

"too good to be true" See my WSO Blog
 

Thanks for an interesting insight. you do know how the story og the ugly chick goes, don't you :-) On a more serious note, isn't it that their ibd is legacy LEH? That should position them pretty well vis-a-vis the competition, I'd have thought...

GBB_19NHS:
as somebody from Nomura in europe mentioned to me once: "when it comes to winning mandates Nomura is like the ugly chick at the beauty pageant"

though most of the people I met there were pretty laid back, seemed to enjoy the culture. On the other hand I also heard story of interns who pulled all nighters their first night on the job.

they got a cool new office in the city now. havent seen them on anything in the m&a world though. they also seemed to have problems having kids stick around after getting offers there.

 
GBB_19NHS:
as somebody from nomura in europe mentioned to me once: "when it comes to winning mandates nomura is like the ugly chick at the beauty pageant"

though most of the people I met there were pretty laid back, seemed to enjoy the culture. On the other hand I also heard story of interns who pulled all nighters their first night on the job.

they got a cool new office in the city now. havent seen them on anything in the m&a world though. they also seemed to have problems having kids stick around after getting offers there.

In M&A, Nomura was on IPR-GDF (largest M&A deal in Europe and 2nd largest in the World in 2010): http://www.bloomberg.com/news/2010-08-10/gdf-set-to-pay-92-pence-a-shar…

 

yeah technically LEH. I think though their Europe business was nowhere near as strong as their US operations. plus the integration with the japanese seemed not to work so great.

I met a bunch of people from there and most of them were ex-LEH guys but they have lost a lot of momentum and are still struggling with the changes. If you see their new office on the other hand it seems like they are planning to expand a lot in the next few years.

from the guys that interned there (about 5 i know) most of them jumped ship after the summer.

"too good to be true" See my WSO Blog
 

I know that at least at my school, tons of kids got banking and trading summer gigs and parlayed them elsewhere for FT with little desire to stick around. No idea on the professional's perspective though.

I am permanently behind on PMs, it's not personal.
 

They're not a BB, but they're actually pretty decent in Europe.

Yes, their IBD is legacy Lehman, but their lacking US presence is a huge detriment. They've also lost some pretty prominent ex-Lehman bankers (most recently Christian Messiner and Adrian Mee). However, Nomura's head of IB, William Vereker, is still widely respected, and they also recently picked up Piero Novelli as head of M&A (was formerly head of M&A at UBS). This should help them in winning some mandates.

I think the issue with Nomura is that they've become focused on building out their US operations as opposed to strengthening their EMEA platform. A lot of people have been highly critical of this.

 

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