Nomura possibly a BB in the near future?
What do you think about Nomura's chances of becoming a BB in the near future (within a decade)?
Obviously Nomura is a great presence in Asia. Not too sure about European exposure but it seems pretty decent as well.
The main complaint I've heard about its US operations is its small size as well as weak management. However, it seems like every other week they are making solid hires. Not to mention, its market share throughout its businesses seem to only be expanding
I am especially curious because I have two friends who are interning there now [and they've told me there are a decent number of target representing the intern class].
Thoughts?
not to mention the downward trend of some lower tier BB's...
Sure, they just need to acquire a US firm (or two) to increase their foothold in this country. They are not going to become a BB strictly through organic growth.
Lucky for Nomura, it's been done before..............
Jefferies will be a BB before Nomura. Hands down.
Correct me if I'm wrong, but was Piper a BB at one point?
It's definitely on the up-and-up. I guess it comes down to exactly how 'Bulge Bracket' is defined. Nomura is the #10 bank by IB revenue as of 1Q2011. I always thought BB meant top 10 but evidently the folks at Wikipedia define it as the top 9... rather arbitrary if you ask me.
Bottom line, at this point you can define Bulge Bracket however you want to, and it's not like it matters anyway. If I was in Japan I'd rather work for Nomura than anyone else, but here in the U.S. they weren't even on my radar--they don't recruit at my school (Ivy, non-HPW) and I didn't apply. It seems like a hell of a place to be right now, I'd rather work for a bank on the rise like Nomura than one bleeding talent like UBS. "Prestige" or whatever be damned.
Stop being clowns
nomura will never be in the same league as other BBs now. Yes, that includes Barclays and UBS
You're right, because the banks that compose the BB never change and there aren't now BBs that people like you laughed at five years ago.
This thread is stupid and 'Bulge Bracket' is an archaic term that doesn't mean anything anymore.
Good point blue chimp. I guess my question was meant to gauge nomuras value and i thought defining it as a BB would be relevant considering it's a global bank and not an elite boutique that qould never be a bB in terms of sheer size. If you ask me, nomura > ubs for sure... Probably even nomura > jefferies
Cubechimp I meant lol
whether or not a bank is a bb is the most meaningless distinction ever. all that matters is if the bank is good in the area you are working.
since this board is predominantly focused on us ibd, no, nomura is not good at all and likely won't be for some time, if at all.
anyone who would rather work there than, say, ubs for us ibd has no clue what they are talking about and is making a terrible choice
Unless they don't like being embarassed about the shit factory they work out and are an avid reader of dealbreaker, then its a right choice!
why does it matter if it will be a bb in 10 years? 10 years?? the answer is who knows and who cares? are you going to be working for nomura in the next 10 - 15 years? if not, then the answer doesnt matter
My buddy just started as an analyst over at Nomura, has had a fantastic experience with them thus far
Nomura a BB? Didn't know that... (Originally Posted: 03/03/2010)
Can someone please give me a view on Nomura? They came on campus around a month ago to recruit for Summer Associates and their opening line was "clients consider us a bulge-bracket firm, on par with the leading firms in the industry".
I didn't know that they were a BB? Perhaps Lehman was and by taking them over in Europe and Asia, they are a BB by default.
Who knows...
They aren't but they are agressively expanding their investment banking business both in the United States and in Europe. In the past they have been primarily focused on Asia.
I am yet to see any meaningful ex-Japan dealflow from them.
http://www.cnbc.com/id/35683956
Article on this very same topic
yeah i've talked to a couple of Nomura bankers and told me that they are still in the midst of fully integrating Lehman's operation into theirs.
recently involved in the UC Rusal (largest IPO this year) and Maxis Telecom. equity offerings.
"I am yet to see any meaningful ex-Japan dealflow from them." - ?
1) Speak english properly 2) What's wrong with being strong in AxJ? They know US is weak but they're growing. As for BB - the comment isn't just for advisory.
Nomura's sales and trading is quite strong globally as well as various other products.
Yeah their corp fin blows in the U.S but thats not all that makes up an IB
As for Rusal - it won't be the biggest deal for long. ASX IPO is 3.6bn and Rusal blew ass - stock is down about 20% since pricing
1) "They know US is weak but they're growing". Pot. Kettle. Black. 2) Nothing, but that does not change the fact that they are a non-entity everywhere else. 3)"Nomura's sales and trading is quite strong globally as well as various other products." where did you get that from? 4) Touche. Their corp fin blows in Europe as well.
I had the opportunity to speak to a Nomura banker a few weeks ago (pretty high up) and he told me Nomura started the year 2009 with ~600 employees in the US and are at about 1300 now. He said they are looking to fill 700 more positions before 2010 is over, so I guess this shows that they are being aggressive and really looking to expand their US business.
Pretty weak except in asia and japan. U.S. league tables doesn't place them in the top 30.
I'm sure their japanese clients consider them bb though.
1) not pot kettle black. My sentence might not have been eloquent but was gramatically correct. You used the wrong verb idiot
2) Non entity anywhere else? Instinet alone is a top broker GLOBALLY
3) I got that from actual exchange flows - you do realize the big name BB's are not usually the biggest traders / etc
Don't hate homie - I don't work there but know plenty of good people that do and they all punch above their weight and yours
^ Kind of proves my point. Other than insulting me, bitch, you gave no meaningful arguments. Instinet, top broker? By what metric? ICAP is the largest and has the biggest flow. But I digress, this is a banking forum after all.
Actual exchange flows? Right..... I really do know what Nomura is good at, but it's not banking outside of Japan.
I also know some people from Nomura, they're interviewing at my bank as we speak.
Also, you have tons on grammatical errors, you just can't see them and I can't be bothered to stoop that low.
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