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Nomura to hire 10 RBS analysts

Nomura to hire 10 RBS analysts

Nomura Holdings Inc.'s Australian unit hired about ten research researchers and sales traders from Royal Bank of Scotland Group Plc, according to somebody with data of the situation.The hires include researchers David Stanton, David Cooke, Simon Thackray and Richard Johnson, the person asserted, asking not to be identified because no statement has been made. RBS spokesman Jill Valentine confirmed that 8 shares research analysts and 2 sales traders resigned today, while Nomura spokesman Michelle Sprod made no comment.

Nomura is hiring staff among an exodus of previous Lehman Bros Holdings Inc. Financiers from its Asian ranks after their warranted bonuses for agreeing to stay with the Tokyo-based bank were paid this month. Edinburgh-based RBS CEO Stephen Hester asserted last month the exit of approximately one thousand top investment financiers last year cost the bank as much as one bn.pounds ( $1.5 bn. ) in lost revenues.

Nomura, which purchased Lehman's Western european and Asian stocks and investment banking units after the U.S. Firm fell down in 2008, rehired previous Lehman executive Jesse Bhattal on March seventeen in an attempt to stop the flow of resignations.

Nomura Exits
At least ten senior staff have quit Nomura this month, including Colin Banfield, who has left to head Asia-Pacific coalitions and acquisitions at Citigroup Inc. ; Robert Chiu, the previous head of telecoms, media and technology investment banking in Far East ; and Tokyo-based professional banker Shunji Katayama, according to folks with awareness of the exits.

Nomura added roughly eight thousand employees in the takeover of Lehman units in the East and Europe and warranted wages and bonuses for key staff. Previous Lehman employees in Far East who were warranted bonuses for agreeing to remain received those payouts on March first, folks with data of the affair asserted.

In Australia, there are 37 folk in RBS's equity research team remaining, and the investment bank has employed twenty-three folk for its shares division during the past half a year, Valentine asserted in a telephone interview today. The Australian paper earlier reported the Nomura hires.

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