Nomura to resume hiring of US bankers after cost cuts

Tokyo

NOMURA Holdings Inc plans to hire bankers in the US, resuming a push to boost its investment banking business in a market that remains a priority for Japan's biggest brokerage following a round of cost cuts.

The Tokyo-based firm anticipates rising volumes of mergers and stock offerings in the US, said chief operating officer Tetsu Ozaki, who is seeking bankers to cover industries including technology, consumer and pharmaceuticals. While the brokerage has no clear numerical target, it has room to recruit 20, Mr Ozaki said.