Nomura Holdings, a Japan-based investment and financial services firm, is reportedly planning to recruit investment bankers in the US to originate more deals and boost fee income.
Bloomberg quoted Tatsuya Kobayakawa, a managing director for investment-banking strategic planning saying that the company is planning to hire staff who will be able to support lead coverage in the US.
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The move follows a review conducted by the firm on the industries it has been currently focusing on.
The Japanese bank is restructuring its overseas operations after scaling them back to slash costs that swelled when it acquired part of Lehman Brothers Holdings in 2008.
"We will be able to start generating larger profits in the US if the size of the operation becomes bigger," Kobayakawa added.
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