Nomura has been looking hard at expanding in North America by acquisition. The Japanese investment bank has been hiring steadily to build up its capabilities, a costly and slow process. The headcount at Nomura in the US had risen from 650 to 1,900 in the past two years. Now, it appears that the Japanese firm might instead look to buy a firm like Jefferies & Co. to accelerate the process, the Financial Times reports.
More Asian buying sprees!