Financial Times FT.com

Nomura shifts focus overseas

By Michiyo Nakamoto in Tokyo

Published: April 12 2009 23:31 | Last updated: April 12 2009 23:31

Nomura, one of the few remaining independent investment banks, is shifting its focus overseas – and reconfirming London as a pre-eminent financial centre by moving key positions to the City.

“In Europe, it is difficult to imagine that any other city would take London’s place as the financial centre,” said Hiromi Yamaji, Nomura’s chief executive of global investment banking. Starting Tuesday, he will run Nomura’s global investment banking operations from London.

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