The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Investment banking: Nomura makes its case

Asia investment bank head outlines strategy; Australia first in local build-out plan

Patrick Schmitz-Morkramer, Nomura

"We are building out as a global franchise, whereas many investment banks in Australia offer limited connectivity"

Patrick Schmitz-Morkramer, Nomura

Nomura is making progress in building its Asia franchise despite a run of high-profile departures, according to new regional investment banking head Patrick Schmitz-Morkramer. Senior staff to have left the firm in recent months include Colin Banfield, co-head of investment banking Asia ex-Japan; Siggi Thorkelsson, head of Asia equities; Thomas Siegmund, co-head of fixed income for Asia ex-Japan; and Jane Wang, vice-chairman, China investment banking. All were ex-Lehman Brothers bankers, and all have gone on to work for competitors of Nomura, although sources inside and outside the Japanese bank say the leavers will have had differing reasons for seeking new employers.

Now running the firm’s Asia ex-Japan investment banking operations without the help of the experienced Banfield, Schmitz-Morkramer says that although there have been departures the firm has also been actively recruiting experienced bankers as it builds in Asia-Pacific. The strategy is to build strong in-country teams in what it has identified as key markets, beginning with Australia.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree