Nomura Eyes Acquisitions to Fast-Track Mideast Expansion - Middle East Real Time - WSJ

Nomura Eyes Acquisitions to Fast-Track Mideast Expansion - Middle East Real Time - WSJ:



"When stock markets in Dubai and elsewhere in the Middle East region nosedived in the wake of the global financial crisis, there was the inevitable exodus of asset managers and brokers from the region. Now, as local equity markets are on an upward swing, several international finance firms are ready to pounce again. 




Japan’s Nomura Asset Management this week launched an office in Dubai, its first in the Middle East and is signaling it’s considering takeovers to expand. 




Lazard Asset Management earlier this year hired an entire team from ING Group, while both Goldman Sachs GS and Russia’s Renaissance Capital added to their equity staff."



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