The NOMURA investment bank is opening a rep office in Moscow. The NOMURA international network units 30 countries. Its regional headquarters are based in Hong Kong, London and New York. The NOMURA group provides brokerage and consultancy services and investment financing. The group also underwrites securities issues and manages assets. As planned, the group’s Russian office will participate in IPOs and serve large institutional investors. The NOMURA group previously operated on the Russian market in the 1990s, but left the market in the aftermath of the financial crunch in 1998. Market participants link the bank’s interest in the market to forthcoming IPOs from Russian companies. The IPOs, scheduled for 2007, are intended to raise between $30 billion and $35b overall.
Source: RBC DAILY, March 6, 2007
