The clock is ticking for Nomura
Slowly rising sun
15 October 2010 By John Foley Follow @johnsfoley
The investment bank lacks the balance sheet of its universal rivals, and their U.S. presence. Nor do its bankers like being paid in Japanese stock. Two years after it snapped up Lehman's international operations, Nomura still has a lot to prove and patience is running out.
Nomura, the Japanese brokerage and investment bank, is due to report its secondquarter earnings on Oct. 29.
In the first nine months of 2010, Nomura ranked 13th in the league tables of global mergers and acquisitions advisors and global capital markets underwriters, according to Thomson Reuters data. In global equity capital markets, Nomura has ranked 9th or 10th for the last five years.
In AsiaPacific excluding Japan, Nomura fell from 4th in 2009 merger advisory to 16th in 2010. In the region's equity capital markets, excluding mainland Chinese shares, it ranked 17th. In Japan, Nomura remained the biggest underwriter of equities and advisor of M&A.
Loss of Bhattal may signal Nomura retreat