nomura-adds-more-lehman-businesses-and-people

Nomura adds more Lehman businesses and people

The Japanese firm will acquire Lehman's IT and outsourcing companies in India, adding 3,000 employees, and also picks up 150 fixed-income staff in Europe.
October 07, 2008
Nomura continues to acquire businesses from Lehman Brothers, announcing on Monday that it will buy the now defunct firm's service providers in India which employ a combined 3,000 people. It also announced that it has hired 150 fixed-income staff from Lehman in Europe.

The Tokyo-headquartered financial services group did not disclose how much it will pay for Lehman Brothers Services India, Lehman Brothers Financial Services India and Lehman Brothers Structured Finance Services, all specialised service companies based in Powai in Mumbai.

Nomura announced last month that it will buy most of LehmanÆs franchise in the Asia-Pacific region as well as its European and Middle Eastern equities and investment banking operations.

Lehman set up the business...
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