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Nomura Nabs Goldman Exec to Build Up U.S. Equities Client Services

Nomura has hired Goldman Sachs' Head of Corporate Access for a major U.S. Equities role. The global investment bank announced today that Lori Arndt has joined the firm in a new position as Managing Director and Head of U.S. Client Strategy and Corporate Access.

Nomura is adding corporate access to enhance the U.S. equities services it already provides to its investment banking clients, along with a dedicated client strategy team, under Ms. Arndt's direction.

According to a Nomura spokesperson, the aim of corporate access and client strategy is to provide a forum where corporate executives can engage with smart investors who can then become long-term holders of that company's stock.

For example, in June, Nomura held an investor conference titled the U.S. Media Summit, which was hosted by Michael Nathanson, U.S. Media Equity Research. The conference attracted more than 150 clients who were able to engage with such media heavyweights as the CEOs of CBS, HBO and Viacom.

"Our goal is to create more events like that summit to provide investors with a forum in which they can engage with top ranking analysts and corporate executives," added the spokesperson.

"This is the beginning of our proactive growth strategy in corporate access and client strategies."

The U.S. corporate access team will complement the 80 professional already working in Nomura's other corporate access teams in Japan, Asia and Europe.

Last year Nomura conducted over 50,000 meetings globally and hosted in excess of 80 conferences with over 600 companies.

In addition, Nomura organized non-deal road shows for over 1,000 companies in over 50 cities around the world.

In the U.S., Nomura has posted in the top 10 market share in options, convertibles and agency programs for the last two quarters, based on client commissions paid, and continues to build its product capabilities, with a current focus on its core cash, electronic and research offerings.

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AUTHORAnonymous Insider Comment
  • Ja
    Jacob Robertson
    23 June 2014

    This author lost me at: " . . . a group of people will always attempt to regain control by obsessively controlling minor elements of their lives, like diet or exercise."

    Minor, like diet or exercise??!! What an idiot!

    Thanks to my dieting and exercise while unemployed and looking, I was able to lose a ton of weight, which CERTAINLY contributed to my finding a new full time job (more attractive people will have a leg-up, while candidates who are overweight or doughy almost certainly have better odds of being seen as lazy, unmotivated, and not really having much drive.)

    While unemployed, I did find that with the extra time, I was making it into the gym more often, and my eating improved too, with the almost daily office-junk lunches-out cut completely from my diet. What's wrong with that?

    I was told that I looked years younger once the pounds came off, and I went back to a photo of myself taken a couple months before my layoff, and I thought, "How the heck did I let things get to that point??!!"

    But sure, this could be taken to the extreme I guess. There could be the 1 in 10,000 people who spend 8 hours a day 7 days a week in a gym once laid off, and buy volumes of diet books and spend their evenings strolling the aisles of whole foods. Sure.

    I'm sure just as many people would start to obsess over their lawn, etc.

    But somehow I don't think that's what this author is referring to.

    I think Sarah Butcher is referring to people who, instead of spending every waking hour applying for jobs and networking, takes advantage of a little of the new spare time in the week by going to the gym a few more times.

    (networking turned out largely useless for me and everyone I know by the way, though, that's the first thing "career counselors" or "recruiting experts" who contribute to articles like this will tell you to do.) Studies were done, and after the jobless recovery got into full swing, this misconception of "99% of jobs are un-posted" was finally debunked as the myth it was.

    This author needs to seriously get a grip. This is horrible advice.

    And as for the unfair treatment of recruiters and career counselors, one thing does hold true: University Career Department counselors are collecting a nice state paycheck, and haven't had to look for a job in 20 years! Private sector recruiters .. . often the same case.

    But hey, what do I know...

  • Jo
    John Brisbane
    22 May 2014

    2% of math students?? Come on; 2% of 5 year olds might be closer. How about putting some real questions up for solving? This stuff is done in the head - 10 seconds for each.

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