Nomura’s great leap forward: Will Lehman takeover help fulfil its global ambitions?

The acquisition of the European and Asian arms of Lehman Brothers means that the Japanese firm is now the world’s largest independent investment bank. The deal shocked many who had expected a western buy-out. Lawrence White speaks to Takumi Shibata and Sadeq Sayeed, the architects of the deal.

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“I WANTED TO pay exactly one quid [£1] but my arm was twisted, and we rounded up to $2,” says Sadeq Sayeed. Something in his voice betrays the astonishment he must feel about the deal: these days that wouldn’t buy you a ticket on the London underground, a beer or most Sunday newspapers but it is what Nomura paid for the European and Middle East operations of Lehman Brothers, the failed US investment bank.

Nomura’s great leap forward: Will Lehman takeover help fulfil its global ambitions?

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Nomura’s great leap forward: Will Lehman takeover help fulfil its global ambitions?

Thanks for your interest in Euromoney!To unlock this article:

Awards for Excellence Middle East and Islamic Finance winners celebrate in Dubai

Regulators should be upfront with taxpayers – and admit all deposits are guaranteed

The FX Files: Is it the end of the line for single-dealer platforms?

The Danish Compromise tests Europe’s appetite for regulatory easing

Thanks for your interest in Euromoney!
To unlock this article: