Inside Nomura’s European equities rebuild
Talking Heads: Global chief Simon Yates also addresses US crowding and Japan’s prospects post-carry trade
This article is part of our annual Talking Heads series of interviews. The others, and those of previous years, can be found here.
For an investment bank, running a European equities business is a difficult task. Unlike the US or Japan, it has multiple markets and currencies, different languages, and complex, nation-specific clearing systems.
For a Japanese bank without a natural home in the region, it’s even more tricky.
Nomura inherited a full-service equity franchise from its 2008 purchase of
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