Nomura has been looking at a potential acquisition in the US, signalling a rethink of its organic growth strategy for the region, according to its chief operating officer.
Japan’s largest investment bank was keeping its eye “on the radar screen” for a US deal, Takumi Shibata, who has guided Nomura’s expansion, told the Financial Times. The bank, which has been building its US business organically, has so far failed to identify any good targets, but “we will continue looking for strategic opportunities with the proper cultural fit and appropriate product and service compatibilities”, Mr Shibata said.
Nomura leapt in its expansion with the acquisition in 2008 of Lehman Brothers in Asia, Europe and the Middle East.