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Sunday, November 8, 
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Fighting defections, Nomura gives Lehmanites top jobs

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CDLadderSmall.pngNomura 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 Hiralal

Nomura names Lehman bankers to top i-banking posts
Nomura feeling credit crisis



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