Nomura London Investment Banking Sector Teams

Based on the most helpful WSO content, here’s a breakdown of Nomura's London Investment Banking sector teams:

1. Top Teams at Nomura London:

   • Natural Resources & Infrastructure (NatRes + Infra): Frequently mentioned as one of the strongest teams at Nomura London.
   • Consumer: Another well-regarded team with solid deal flow.
   • TMT (Technology, Media, and Telecommunications): Known for its activity and recognition, though opinions on prestige vary.
   • Leverage Finance (LevFin): Highlighted as a strong group with good deal flow.

2. GII (Greentech, Industrials, and Infrastructure):

   • This team has absorbed Nomura Greentech and is particularly strong in EMEA. It has robust deal flow, often acting as a sole advisor without financing. While the team is known for being a "sweatshop" with intense hours, it offers excellent exposure and solid exit opportunities to BB/EB and MM PE firms. Exits to mega-funds (MF) are more limited but improving as the team’s reputation grows.

3. M&A:

   • M&A is a core focus at Nomura, and the group is generally well-regarded. However, specific details about its London performance are less clear compared to other teams.

4. Work-Life Balance and Culture:

   • Nomura’s culture can vary by team, but some groups, like GII, are known for demanding hours. Teams like Consumer and TMT may offer a slightly better balance, but this is highly dependent on deal flow and team dynamics.

5. Conversion Rates:

   • While specific conversion rates are not detailed in the WSO threads, strong performance in top teams like NatRes, Infra, and LevFin likely increases your chances of securing a full-time offer.

Recommendations:

• If you’re interested in Greentech and sustainability, GII is a great choice despite the intense workload.
• For a broader sector focus, NatRes + Infra or Consumer are strong bets.
• If you’re drawn to tech and innovation, TMT could be a good fit, though it’s worth gathering more specific feedback on the team’s current standing.

Ultimately, your choice should align with your long-term career goals, interests, and tolerance for work intensity.

Sources: https://www.wallstreetoasis.com/forum/investment-banking/nomura-london-ibd-sa-20-best-teams?customgpt=1, Nomura Greentech Exit Opps, Best Groups at Nomura (NYC IBD), Thoughts on Barclays in 2020, Top groups at BOFA London