Comments (24)

May 20, 2013

i can't imagine they feed well into PE but could be off course on this one. last i spoke with friends there, dealflow was severely limited and mostly just pitches. this was a few months ago

May 20, 2013

Yeah post-scandal Nomura has been tough - they take summers but give out very few offers from what I've heard (at least in trading)

May 21, 2013

Landing a FT spot there has been absolutely brutal the past 2 years

May 21, 2013
Champs46:

Landing a FT spot there has been absolutely brutal the past 2 years

I can confirm this. Very few offers were given to last summer's SAs.

May 21, 2013

From someone who did S&T SA last summer there, out of 28 SAs they gave returning offers to 3. Must be tough.

May 21, 2013

Thanks guys. I was hoping to hear more about their IBD division. I've seen them on a few deals, plus its a small team?

May 22, 2013

Their IBD is pretty weak, their focus is really on FI these days.

May 22, 2013

to echo above comments, IBD is not strong. exit to PE is not likely. havent seen or heard much of any traction there

May 22, 2013

They're quite weak in the US. Not so sure about retrenching from Europe as they're still hiring in IBD.

May 22, 2013

Does Nomura even work on M&A in the U.S.? Not trying to be sarcastic, just never come across them on M&A deals.

May 23, 2013

They're quite young in US, started foraying into American M&A only in 2009. What do you think of their prospects in the future?

May 23, 2013

They were supposedly building their U.S. platform around Glenn Schiffman (ex-Lehman) and then he bounced. And then they had the scandal. Looks like U.S. expansion put on hold or cancelled.

May 23, 2013

I heard they were shuttering US operations but I guess that was just rumor?

May 23, 2013

I wouldn't be surprised if they pull the plug on the EU and Americas. Hard to grow when you don't have a strategy... or a clue.

May 23, 2013

Nomura has been growing aggressively in the US. They hired 1k people in the last year. They are also the largest firm in the states that is not affected by the Volcker Rule, so they will be the only broker-dealer with substantial trading operations. But their M&A is still shitty.

May 23, 2013
Sandhurst:

Nomura has been growing aggressively in the US. They hired 1k people in the last year. They are also the largest firm in the states that is not affected by the Volcker Rule, so they will be the only broker-dealer with substantial trading operations. But their M&A is still shitty.

Hiring does not equate to a stable business, especially when you need to replace the trove of persons leaving.

How are they not affected by the Volcker rule. Please explain.

May 23, 2013

Well, at least the last time I met with Nomura (Q4 2011) they were planning to reduce exposure as a result of the Volker Rule. Nomura, along with other large Japanese proprietary investors (including Norinchukin Bank) are expected to meet Volker Rule requirements. While I do agree Nomura and others do not take deposits in the in the US, voluntary action is planned and should be expected.

Nomura's penchant for management error knows no boundaries. The most recent highlight is Wholesale Banking Chief Bhattal resignation.

Nomura will be acquired over the next year or so. Most everyone with a pulse around Tokyo knows this is coming.

http://www.ifre.com/smbc-nomura-now-theres-a-thoug...

May 23, 2013

i heard they fired 1st yr analysts in their asia offices.... not a good sign...

May 23, 2013

The above posts are depressing me.

I have an interview with Nomura tomorrow.

May 23, 2013
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May 23, 2013