Nomura Holdings Inc., which recently posted its third consecutive
quarterly loss ($754 million), took on more risk when it grabbed up parts of failed Lehman Brothers Holdings Inc. As Nomura deals with the global slowdown, the Japanese financial holding company feels it has to keep its coffers packed with talent to stay competitive. While most of the Lehmanites agreed to stay, competitors are circling its A-list, as is apparent from our
post, "Where have all the Lehman Brothers bankers gone?"
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Nomura has
lost big bankers
to the likes of Credit Suisse Group, Citadel Investment Group LLC and
Barclays Capital, but it isn't being passive. Several reports say
Nomura
grabbed Shaheryar Chishty from Citigroup
Inc. to head its industrial group in Asia, ex-Japan, and Apurva
Choudhary from J.P. Morgan Chase & Co. to run coverage of the power
sector in Asia, ex-Japan.
The Japanese brokerage is also doling out some big titles to its new recruits. On Friday,
Nomura gave top investment banking spots
to three former Lehman Brothers' bankers. Christian Meissner and
William Vereker became heads of investment banking for Europe, the
Middle East and Africa. Glenn Schiffman will head Asia-Pacific
investment banking, based in Hong Kong. Meissner and Vereker are
supported by co-head of EMEA investment banking, Yoshiyuki Numano.
Toshiyasu Iiyama will support Schiffman as co-head of Asia-Pacific
investment banking.
Meissner was head of investment banking for
Europe at Lehman. Vereker was co-head of investment banking for Europe
and the Middle East alongside Alexis de Rosnay at Lehman (
De Rosnay recently became a vice chairman of Lazard International). Schiffman was Lehman's co-head of global media investment banking.
On
Oct. 14, Nomura closed the $525 million acquisition of most parts of
Lehman Brothers' Asia-Pacific franchise, including Hong Kong,
Singapore, Australia, India, Thailand and Japan. -
Baz HiralalNomura names Lehman bankers to top i-banking postsNomura feeling credit crisis
