Nomura’s strengths in pockets of fixed income trading and its efforts to build deep relationships with a diverse range of leading debt investors around the world have yet to translate into the kind of distribution that wins big fees from the debt capital markets. The firm lacks the balance-sheet size of a global universal bank and has to pick its spots accordingly.
Nomura was ranked 10th in the US DCM bookrunner league tables for full year 2016 with 2.9%
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