Investment Banking

Nomura plans to grow European equities revenue from ‘zero’ to $100m

The Japanese bank sees opportunities in derivatives and financing

Rig Karkhanis wants to keep a lid on costs while pushing back into businesses Nomura exited in 2016
Rig Karkhanis wants to keep a lid on costs while pushing back into businesses Nomura exited in 2016 Photo: Wei Leng Tay/Getty Images

Nomura is eyeing $100m in annual revenue within the next two years from its renewed push into European equities.

Rig Karkhanis, Nomura’s head of global markets, told Financial News that the Japanese bank saw opportunities to grow market share in European equity derivatives and financing after spending the past two years trying to revive the business.

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