Latest News

Wednesday, 16th December 2009
In Business In Japan,

Japanese investment bank Nomura to acquire Tricorn Partners

Japanese investment bank Nomura is set to buy London-based corporate finance advisory firm Tricorn Partners for an undisclosed acquisition price.

Nomura - which leads the securities market in Japan - will be joined by Justin Dowley and Guy Dawson, who have run Tricorn for seven years after leaving Merrill Lynch.

They will both join as vice-chairmen of Europe, Middle East and Africa investment banking.

News of the acquisition reached the financial markets after the release of a memo.

Since Nomura acquired the Lehman Brothers European and Middle East businesses, it has been intent on expanding into European equities and fixed-income trading.

The investment bank was the first securities company from Japan to establish an overseas office, which was set up in 1927.

It operates services from four main centres: Hong Kong, New York, London and Japan.

Reuters reported that Mr Dawson and Mr Dowley are to be joined by Andrew McNaught - who will join as a managing director in mergers and acquisitions - and founding partner Michael Pescod.

Written by Mark Smith

Related news stories:
A quarter of Japan?s population 65 or over (30th June 2016)
Report reveals Japanese women continue smoking in pregnancy (5th February 2013)
Shake Shack opens branch in Tokyo (13th November 2015)
The weird and wonderful world of Japanese ice cream (4th August 2009)