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Nomura to focus on US in its global expansion push

NOMURA, Japan&rsquo;s largest brokerage, will today officially announce a policy of beefing up its US equities division as it presses on with its global expansion drive.<br /><br />Nomura Securities (NSI), the firm&rsquo;s US broker-dealer arm, said it was pursuing a strategy of &ldquo;market leading teams to build out and leverage Nomura&rsquo;s global franchise&rdquo;.<br /><br />NSI has made a succession of appointments since October last year, bringing in 135 fresh faces in the US as it quietly ploughed ahead with its expansion policy.<br /><br />The group&rsquo;s new internationalist strategy has seen global chief executive of equities transfer to New York, the first Nomura global business head to operate out of the US capital.<br /><br />He has now been joined by Chuck Teixeira as chief operating officer, after he was at the centre of the transition process when Nomura acquired Lehman&rsquo;s European equities operations.