Apr 21 2010 |
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Nomura launches Saudi Arabia operation with reception in Riyadh
Riyadh, April 21, 2010 - Nomura , the global investment bank, today announces the formal launch of its Saudi Arabia operation in Riyadh.
The opening was marked by an exclusive reception held last night at the Japanese Embassy and hosted by Kenichi Watanabe, President and Chief Executive Officer, Nomura Holdings, Inc. and His Excellency Mr. Shigeru Endo, Japanese Ambassador to the Kingdom of Saudi Arabia. Many VIPs attended the event including His Excellency Dr. Abdulrahman A. Al-Tuwaijri, Chairman of the Capital Markets Authority.
Nomura 's operation in the Kingdom of Saudi Arabia received its commencement letter from Saudi Arabia's Capital Market Authority in July 2009. Nomura offers corporate finance, capital markets and wealth management services for clients in Saudi Arabia and acts as an agent for overseas securities.
As the first Asian securities firm to provide investment banking services in the Kingdom, Nomura is a gateway to global markets and major institutions in Asia and other financial centres worldwide.
Commenting on the formation of Nomura 's Saudi Arabian operation, Kenichi Watanabe said: "This is an important step in the development of Nomura 's global presence. Since the Company has had a footprint in the region for many years we recognise that Saudi Arabia is the largest market and is emerging and evolving fast. Institutional clients around the world are increasingly interested in the Gulf economies and Saudi Arabia in particular. Consequently, we want to establish our business as both a strong domestic operation and as a channel for investors in major global capital markets especially the Far East, where long established trade relations exist."
Mr. Takuya Furuya, Chairman, Nomura Saudi Arabia, commented: "Our business in the Gulf has been performing extremely well and the opening of our office in Riyadh is an important next step in our regional development. We have got off to a good start and our team is building its name and capability, and we look forward to being a preferred partner for a growing number of clients in Saudi Arabia."
With a presence in the region since 1974, Nomura has long-standing relationships with Saudi government bodies, financial institutions, corporates and private investors. Nomura 's Saudi operation is being run by Mr. Takuya Furuya, Chairman of Nomura Saudi Arabia. Nomura is building its team on the ground, and has appointed Mr. Tarek Fadlallah, Head of Investment Banking and Prince Mohammed Bin Nawaf Al Saud, Head of Global Market Sales.
- Ends -
About NomuraNomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 26,000 staff worldwide. Nomura 's unique understanding of Asia enables the company to make a difference for clients through five business divisions: retail, global markets, investment banking, merchant banking, and asset management. For further information about Nomura , please visit www.nomura.com.
For more information, please contact:
Nichola Scola
Nomura International plc
Corporate Communications
Tel: +44 20 7521 2480
Rupert Young
Brunswick Gulf Ltd
Tel: +971 4 365 8260
© Press Release 2010
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