Nomura - Differentiation
Is there anything one should really remember when applying for Nomura? I mean is there something that differentiates them and that they are proud of?
I've scanned the website, but it's absolute rubbish.
good for quants and pay is higher or on par with similar firms.
Are they specialised in any asset classes? Culture?
They've seen pretty big growth in their research and trading divisions. Just today, a GS Senior Analyst moved to Nomura
http://online.wsj.com/article/BT-CO-20100809-709061.html
Nomura got a number of parts of the old Lehman Brothers. It's a decent firm and they've been growing substantially in the US, but it's still not your typical first-class BB, yet.
Yeah for sure. Loving the feel of the firm. Any idea on the culture there? Any defining features?
What's the deal with Nomura? (Originally Posted: 11/09/2010)
I'm sure you all have seen the rumors that they are looking for acquisitions, singling out Jefferies. I guess the US organic strategy hasn't worked - you can buy people, but you can't buy pipeline.
Why would a place that wants to be a bulge bracket player in the US buy a middle market shop?
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?
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.
Nomura - Acquiring any Euro banks? (Originally Posted: 01/20/2012)
What's the latest news on Nomura? I understand there was a shake up in senior management...
Are they still growing in the US?.. Are they planning on acquiring any European Bank?
Haven't heard anything
Nomura - Acquisition of Lehman's Asian assets (Originally Posted: 10/07/2009)
How do you guys view Nomura a year after its acquisition of all of Lehman's Asian assets and most of Lehman's European assets?
Has the culture shifted more towards a Lehman-esque one, or is it still heavily influenced by its Japanese forebears?
How do they compare to the major Western I-banks in NYC and London?
What is the risk-taking culture like? Do they do much prop? Or are they a flow business?
How are they in FX/Rates/Credit/Equities?
How are their options businesses?
I'm asking because it seems they have bought up quite a lot of good people in the last year from major shops (at no small cost to the firm), and I was wondering what their reputation is like one year on.
Any comments would be appreciated.
there fx group is very new and most of the ppl are either from db (top in fx) or from lehman via the acquisition so ide say they got some very good talent
Any other views?
Not bad, but not in the same league as the top banks. I would't compare Nomura to GS/CS/Lazard/JPM. They seem to be on the rise but not a big time contender yet.
Nomura's Future (Originally Posted: 03/22/2011)
Any views on Nomura's future (European branch) in light of the recent events? Do bankers feel their position is uncertain in any way, including compensation-wise?
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.
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...
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.
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.
theyre beyond horrible
wow, pretty disparaging... is this across the board or some teams are actually not bad?
my classmate worked there one year then lateraled to a BB. He said there's quite a big divide with the EX-LEH vs. all others.
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.
Valk, thanks. From the work experience perspective, would you lateral there and what does their comp package look like?
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