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New Nomura banking chiefs eye Asia growth

Date: 07 Mar 2010

Eighteen months after the Japanese bank bought the regional assets of Lehman Brothers, Colin Banfield and Patrick Schmitz-Morkramer, the joint-heads of investment banking for Asia ex-Japan, outline their strategy and growth ambitions.

Keywords (click to search): [Nomura] [Asia] [investment banking] [Colin Banfield] [Patrick Schmitz-Morkramer]

Aaron Pan

Asiamoney [AM]: How successful has the Asia build-out been since the acquisition of Lehman Brothers? Are you where you envisaged you would be 18 months on?

Patrick Schmitz-Morkramer [PSM], joint-head of investment banking, Asia ex-Japan, Nomura: In the past 18 months, we have been more successful than anyone could have hoped for, driven by the global markets business. In terms of integration, it was done within as short a time-frame as possible and has been a fairly smooth process. Things are much more positive than people may think.

Colin Banfield [CB], joint-head of investment banking, Asia ex-Japan, Nomura: The fact that a lot of our competitors are talking about Nomura and that they have been surprised by the number of deals we’ve been on and our market positioning means that we’re obviously doing something right and have client traction. We got the Nomura/Lehman business integrated and up and running very...

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