Nomura has appointed Sadeq Sayeed to the new position of Executive Vice Chairman, Nomura International plc with immediate effect. In addition, Mr. Sayeed will take on the role of Chief Executive of the newly acquired businesses on completion of the European Nomura/Lehman Brothers transaction.
Mr. Sayeed will oversee the activities of all Nomura's newly acquired businesses and will continue to act as the Senior Advisor to Nomura's senior management with responsibility for international strategy.
"My first priority is to get the teams we have acquired back up and running under the Nomura badge as swiftly as possible," said Mr. Sayeed. "The key is to drive our business forward while achieving maximum value for Nomura's shareholders. I am excited about the future and confident that we can achieve extraordinary results."
Showing posts with label Nomura. Show all posts
Showing posts with label Nomura. Show all posts
Monday, 29 September 2008
Tuesday, 23 September 2008
Nomura Acquires European Arm of Lehman Brothers
Nomura, has reached an agreement to acquire the European and Middle Eastern equities and investment banking operations of Lehman Brothers.
The acquisition will provide Nomura with a market leading equities and investment banking platform in the region and further enhance Nomura's strategy of connecting Asia and Europe. The deal follows Nomura's agreement yesterday to acquire Lehman Brothers' entire franchise in the Asia Pacific region including Japan and Australia.
Lehman's equities and investment banking businesses in Europe and the Middle East employed around 2500 staff, of whom a significant proportion are expected to be retained.
The deal does not include any trading assets or trading liabilities and Nomura will pay an undisclosed sum for the businesses.
Kenichi Watanabe, Nomura's CEO, said: "In the past 24 hours Nomura has executed two transformational deals. This transaction will significantly extend our European footprint and international reach, enabling us to realise our strategy of delivering Asia to the world. Our immediate priority is to get the equity and investment banking divisions back in business operating under the Nomura name."
The acquisition will provide Nomura with a market leading equities and investment banking platform in the region and further enhance Nomura's strategy of connecting Asia and Europe. The deal follows Nomura's agreement yesterday to acquire Lehman Brothers' entire franchise in the Asia Pacific region including Japan and Australia.
Lehman's equities and investment banking businesses in Europe and the Middle East employed around 2500 staff, of whom a significant proportion are expected to be retained.
The deal does not include any trading assets or trading liabilities and Nomura will pay an undisclosed sum for the businesses.
Kenichi Watanabe, Nomura's CEO, said: "In the past 24 hours Nomura has executed two transformational deals. This transaction will significantly extend our European footprint and international reach, enabling us to realise our strategy of delivering Asia to the world. Our immediate priority is to get the equity and investment banking divisions back in business operating under the Nomura name."
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