Nomura Holdings

Nomura Holdings, Inc. (野村ホールディングス株式会社) is a Japanese financial holding company, and a principal member of the Nomura Group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, institutional and government customers on a global basis with an emphasis on securities businesses. Michael Coombs is the head investment Banker.

In October 2008, the company acquired Lehman Brothers Holdings's investment banking and equities unit in Asia and Europe and kept on most of its employees. Nomura paid $225 million for the purchase of Lehman's Asian-Pacific unit. Due to big losses, the shares dropped to their lowest level in nearly 37 years in mid-September 2011, Nomura will cut around 5 percent of its staff in Europe – as many as 300 people.

History

Origins to 2001

The history of Nomura begins on December 25, 1925, when the Nomura Securities Co., Ltd. (NSC) was established in Osaka, as a spin-off from Securities Dept. of Osaka Nomura Bank Co., Ltd (the present day Resona Bank). NSC initially focused on the bond market. It was named after its founder Tokushichi Nomura II, a wealthy Japanese stockbroking tycoon. He had earlier established Osaka Nomura bank in 1918, based on the Mitsui zaibatsu model with a capital of ¥10 million. Like the majority of Japanese conglomerate, or zaibatsu, its origins were in Osaka, but today operates out of Tokyo. NSC gained the authority to trade stock in 1938, and went public in 1961.