WSJ : Japan's Nomura Holdings appoints Perry Hoffmeister head of investment banking in New York - Update

Tuesday, according to Wall Street reports, Japan's largest brokerage firm Nomura Holdings, Inc. (NMR) has appointed Perry Hoffmeister as head of investment banking in New York. This is seen as a step by Nomura to boost its business in the U.S.

The Tokyo, Japan-based Nomura, which acquired Lehman Brothers Holdings, Inc.'s (LEHMQ.PK) operations in Asia, Europe and the Middle East last year, is looking to transform itself into a true global financial giant. However, Lehman's U.S. operations were snared by U.K.-based bank Barclays Plc.

Nomura is currently strengthening its operations in the U.S. In a lead to that, Nomura has appointed Perry Hoffmeister as head of investment banking in New York. Nomura also snapped up about twenty former Lehman bankers in New York recently.

The Nomura Group, one of the largest global investment banking and securities firms, is represented in The Americas by Nomura Holding America, Inc., operating from four strategically positioned offices in North and South America.

Hoffmeister has nearly 20 years of investment banking experience at Lehman Brothers. Lehman Brothers picked Perry Hoffmeister in April 2008 to head its investment management business in Europe and the Middle East. Hoffmeister jointly led Lehman's investment banking business in Europe and the Middle East since relocating from New York to London in 2004. Hoffmeister was co-head with Benoit D'Angelin until the latter's departure to join a hedge fund in February 2006, and subsequently teamed up with D'Angelin's successor, Christian Meissner, to run investment banking.

In 2000, Hoffmeister was named co-global head of the communications banking group, and ran the global communications and media groups from 2003 to 2004.
Hoffmeister joined Lehman in 1988 in New York as a member of Lehman's US media investment banking team, and was promoted to managing director in 1998.

Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in 30 countries.

NMR closed Tuesday's regular trading session at $5.29, up $0.40 or 8.18% on a volume of 0.49 million shares, lower than the three-month average volume of 0.92 million shares.

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