Nomura Holdings

Nomura Holdings, Inc.
野村ホールディングス株式会社
Public (K.K)
Traded as TYO: 8604
OSE: 8604
NSE: 8604
SGX: N33
NYSE: NMR
TOPIX Core 30 Component
Industry Financial Services
Financial Management Consulting
Founded December 25, 1925 (1925-12-25)
Osaka, Japan
Headquarters 1-9-1, Nihonbashi, Chuo, Tokyo, Japan
Area served
 Worldwide
Key people
 Koji Nagai
(Group CEO)[1][2][3]
Nobuyuki Koga
(Chairman)[1][2]
Products Financial Services[4]
Securities Services
Retail banking
Investment Management
Investment Banking
Asset management
Revenue Steady ¥1,385 billion (FY 2010)[5]
Decrease ¥1,130 billion(FY 2010)[5]
Decrease ¥28.661 billion(FY 2010)[5]
AUM Increase ¥24,743 billion(FY 2010)[5]
Total assets Increase ¥36,693 billion(FY 2010)[5]
Total equity Decrease ¥2,091 billion (FY 2010)[5]
Subsidiaries Nomura Securities Co., Ltd.
Nomura Asset Management Co., Ltd.
The Nomura Trust & Banking Co., Ltd.
Website www.nomura.com
The headquarters of Nomura in Tokyo, Japan.

Nomura Holdings, Inc. (野村ホールディングス株式会社, Nomura hōrudingusu kabushiki gaisha) 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. [6]

History

Origins

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.[7][8][9] 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.[10] 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.

Lehman Brothers Acquisition

In October 2008, Nomura acquired most of Lehman Brothers Asian operations together with its European equities and investment banking units to make one of the world's largest independent investment banks with Y20,300bn (£138bn) assets under management. In April 2009, the global headquarters for investment banking was moved out of Tokyo to London as part of a strategy to move the company's focus from Japan to global markets, with Josh Tokley appointed Head of UK Investments. Following his subsequent suspension, Tokley was replaced by Michael Coombs.

Nomura paid $225 million for the purchase of Lehman's Asian-Pacific unit.[11] Due to large losses with shares dropping to their lowest level in nearly 37 years, Nomura cut around 5 percent of its staff in Europe (as many as 500 people) in mid-September 2011.[12]

Ethics

In 2011, Trent Martin was hired at Nomura despite having an arrest warrant in the US for alleged insider-trading, securities fraud, and conspiracy to commit securities fraud.[13] Nomura proudly displayed Trent Martin's hire in September on their corporate website.[14]

Nomura Holdings and Member companies

Nomura Holdings, Inc. is the holding company of the Nomura Group and the group's principal member.[15][16] As a keiretsu, Nomura Holdings, Inc. does not directly run member companies, rather it keeps a controlling stake of cross shareholdings and manages financial assistance among member companies which help to deflect hostile takeovers.

Core Members

  • Nomura Holding America Inc.,[15][17] operates as a subsidiary of Nomura Holdings, Inc.
  • Nomura Europe Holdings plc,[18][15] operates as a subsidiary of Nomura Holdings, Inc.
  • Nomura Asia Holding N.V.,[19][15] operates as a subsidiary of Nomura Holdings, Inc.
  • Nomura Securities Co., Ltd.,[15] operates as a subsidiary of Nomura Holdings, Inc.
  • Nomura Asset Management Co., Ltd.
  • The Nomura Trust & Banking Co., Ltd.
  • Nomura Babcock & Brown Co., Ltd.
  • Nomura Capital Investment Co., Ltd.
  • Nomura Investor Relations Co., Ltd.
  • Nomura Principal Finance Co., Ltd.
  • Nomura Funds Research And Technologies Co., Ltd.
  • Nomura Pension Support & Service Co., Ltd.
  • Nomura Research & Advisory Co., Ltd.
  • Nomura Business Services Co., Ltd.
  • Nomura Satellite Communications Co., Ltd.
  • Nomura Facilities, Inc.
  • Nomura Institute of Capital Markets Research
  • Nomura Services India Pvt. Ltd.
  • Nomura Healthcare
  • Nomura Private Equity Capital
  • Unified Partners
  • Nomura Agri Planning & Advisory
  • Instinet

Marketing and branding

The marketing slogan of Nomura is "Connecting Markets East & West".[20]

See also

References

  1. 1 2 "Nomura Group -Management Structure".
  2. 1 2 "Nomura Group - Board Of Directors".
  3. ↑ "Nomura Group - Executive Managing Directors".
  4. ↑ "Nomura Group - Products, Services & Solutions".
  5. 1 2 3 4 5 6 "Financial Highlights Year Ended march 31, 2011" (PDF). Nomura Holdings, Inc. April 28, 2011.
  6. ↑ "Forbes, Nomura Holdings, Inc. (NYSE: NMR) at A Glance".
  7. ↑ "Nomura Group Company history on Nomura Asia Pacific Webpage". Retrieved 17 Jan 2012.
  8. ↑ "Nomura Group Company history on Nomura Holdings Inc. Webpage". Retrieved 17 Jan 2012.
  9. ↑ "History of Nomura Securities Company, Limited from fundinguniverse.com". Retrieved 17 Jan 2012.
  10. ↑ "Nomura's founder, Tokushichi Nomura II from Nomura website" (PDF). Retrieved 19 Jan 2012.
  11. ↑ Nomura Buys Lehman's Europe Banking, Equities Units Archived 2010-06-13 at the Wayback Machine., Bloomberg, September 23, 2008
  12. ↑ "Nomura plans European staff cuts". September 14, 2011.
  13. ↑
  14. ↑ http://www.nomuraholdings.com/news/nr/asia/20110909/20110909.html
  15. 1 2 3 4 5 Core members of Nomura Group
  16. ↑ Nomura Holdings, Inc. Info on Bloomberg Businessweek
  17. ↑ Nomura Holding America, Inc Info on Bloomberg Businessweek
  18. ↑ Nomura Europe Holdings plc Info on Bloomberg Businessweek
  19. ↑ Nomura Asia Holding N.V. Info on Bloomberg Businessweek
  20. ↑ "Nomura - Marketing Slogan".
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