Nomura Accelerates Business In The Gulf With New Banking Licence

UAE. Nomura International, Asia based investment bank, has been granted a banking licence by the Dubai Financial Services Authority to provide investment banking and capital markets services from the Dubai International Financial Centre (DIFC). Accomplishing acquisition of Lehman Brothers' businesses

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UAE. Nomura International, Asia-based investment bank, has been granted a banking licence by the Dubai Financial Services Authority to provide investment banking and capital markets services from the Dubai International Financial Centre (DIFC).

Accomplishing acquisition of Lehman Brothers’ businesses in the Middle East, Nomura now offers a complementary platform in the Middle East. Nomura’s presence in the region was centred in Bahrain and Lehman Brothers in Dubai and Doha.

Nomura’s office in DIFC will offer investment banking and global markets services to clients across the Middle East and Africa. The bank offers a gateway to global markets and access to institutions in Japan and other Asian centres.

Takuya Furuya, President of Nomura’s Bahrain office, has been appointed Chairman of the Middle East and Africa business. Jameel Akhrass will be Vice Chairman and head of the Investment Banking business and Mohamed Idriss will head the Global Markets business for the region.

“The Middle East offers Nomura tremendous long-term opportunities, and with the acquisition of Lehman Brothers’ businesses in the region, it is perfectly positioned to tap the growing regional market for financial services,” says Abdulla Al Awar, managing director, DIFC Authority.

“DIFC provides Nomura the ideal platform for its strategic growth in the Middle East market. We look forward to providing Nomura with the business services and support necessary to develop its business in the region.”

“Our platform brings a unique offering to our Middle East clients with a growing presence across the region and strong access to global markets,” says Philip Lynch, chief executive officer, Middle East and Africa, Nomura International. “In response to the increasing interest in doing business in Asia, we are able to provide clients reach and a depth of understanding in Japan, Nomura’s home market, and across the continent.”

L.D.

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