Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: VAT Audit :: empanelment :: articles on VAT and GST in India :: VAT RATES :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd
« Mergers and Acquisitions »
 In M&A, ratings soft-pedal risks in borrowing binge
 Harvard Business School To Examine Mergers And Acquisitions In New Executive Education Program
 India Inc In Deal-Making Mode; Mergers & Acquisitions Lead The Way
 S&P 500 Futures Rally on Major Mergers and Acquisitions
 The Role Of Brand In Petroleum Mergers And Acquisitions
 Mergers and Acquisitions: What Happens After the Announcement?
 Agency mergers and acquisitions continue to be strong for first-half 2016
 The Intricacies Of Financial And Legal Relationships In M&A
 3 integration considerations for Mergers & Acquisitions
 Mergers and acquisitions take centre-stage as funding for start-ups dries up
 Mergers and Acquisitions reach highest quarterly value in India

M&A shake-up as Nomura eyes
March, 19th 2010

Nomuras goal of building a worldwide mergers and acquisitions franchise is one many of its London-based bankers should be familiar with.

Five years ago, a series of dealmakers quit Morgan Stanley to join Lehman Brothers and help build its advisory base in Europe as part of a drive to expand and broaden its business outside the US.

Many of those same bankers are now being asked to transform Nomuras M&A business in Europe and the US at a time when deal mandates are scarce.

In Europe, the bank has been recruiting bankers for sectors such as oil and gas and financial institutions, while in the US, plans are under way to hire across all 11 main industry groups.

So far, these efforts have not yet been reflected in the all-important advisory league tables, where Nomura ranks 18th in the year to date, according to data from Dealogic.

That position compares to the position just before Lehman collapsed in September 2008, when the bank ranked ninth in European M&A, representing a 9.7 per cent share of the European deal market.

However, a closer look at the revenue rankings where Nomura ranks 12th globally suggests the bank has so far managed to avoid the classic mistake of trying to buy market share solely through its balance sheet.

To help open the door to UK boardrooms, Nomura last year acquired Tricorn Partners, the London-based corporate finance advisory firm, and took on its two co-founders Guy Dawson and Justin Dowley.

The pair have already brought in a coveted mandate to advise the Red Knights group of investors on a potential bid for Manchester United.

They are also focused on boosting the banks roster of corporate broking clients key to success in the UK.

This is a peculiarly British concept of client hand-holding, in which broking serves as a channel through which to develop deeper relationships with clients, even though it does not bring in direct revenues for a bank. At the moment, Nomura is broker to eight companies, of which only four are in the FTSE 100: Tesco, the London Stock Exchange, Legal & General and Invensys.

Nomuras ambitions may not yet have overturned the traditional hierarchy of European and US M&A advisory work, which is still dominated by Goldman Sachs and Morgan Stanley.

But it has started to shake up a complacent sub-sector of the industry, at a time when Jasjit Bhattal has taken on a senior role at the bank.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions