Nomura to relocate a team of analysts from NICMR Tokyo to S'pore

NOMURA, Asia's global investment bank, said on Wednesday that a team of analysts from Nomura Institute of Capital Markets Research (NICMR) Tokyo will relocate to its Singapore office to enhance the group's research capabilities.

"A team of analysts from NICMR Tokyo will relocate to Nomura Singapore Ltd and a new department will be established there to support the business activities of Nomura in Asia through the assimilation and timely release of information about financial and capital market systems in Asean and other Asian countries," Nomura said in a release.

Toshihiro Iwasaki, president & CEO of NICMR, said this was crucial to solidify Nomura's position as an Asian-based global financial services group.

" ... it is increasingly important for the group to enhance its competitive strengths based on in-depth research and analysis of Asian countries' financial and capital markets, related systems and regulatory developments," he said.

Takeo Aoki, president & CEO of Nomura Singapore, said that the new department will also take advantage of its convenient geographical location to conduct research and analysis on the financial and capital markets of India and countries in the Middle East - important markets for Nomura.

NICMR's Beijing representative office, established in October 2010, has already made significant contributions to Nomura's business in China through its collection and dissemination of information about the local markets and systems. NICMR also has representative offices in New York and London.

NICMR, a subsidiary of Nomura Holdings, Inc, was set up in 2004 to provide independent research to internal as well as external clients on capital markets and financial institution systems, structures and trends.