Nomura's Lehman Bros acquisition pays off in Q2

- Marcus Jones
- 01 Aug 2009

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TOKYO - Nomura has recorded its first quarterly profit in 18 months, aided by currency trading by Lehman Brothers' former fixed-income (FI) division.

Nomura released its first-quarter results last Wednesday (July 29), revealing an overall pre-tax profit of ¥31.4 billion ($332 million). Profitability was boosted by the Europe, Middle East and Africa (EMEA) fixed-income group, dominated by former Lehman employees, which generated ¥47 billion of the ¥103 billion FI revenue globally. The bank said

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