Bloomberg News

Nomura Names Kimura Global Head of M&A as Novelli Leaves

December 05, 2012

Nomura Names Kimura Global Head of M&A as Novelli Leaves Firm

Nomura, which ranks 12th among firms in arranging global mergers this year, is seeking to make all overseas businesses profitable by March 2015, the Tokyo-based company said this month in an investor presentation. Photographer: Kiyoshi Ota/Bloomberg

Nomura Holdings Inc. (8604), Japan’s largest investment bank, named Kenji Kimura global head of mergers and acquisitions as Piero Novelli leaves the firm.

Novelli, who has been co-head of global M&A, is departing to “pursue other interests,” Nomura said in a November staff memo obtained by Bloomberg News and confirmed by a bank official in London. He used to share the job with Kentaro Okuda, who became head of investment banking earlier this year.

Kimura, 51, was most recently senior managing director of the CEO-COO office at Nomura Holdings. Jonathan Rouner was named international head of M&A, a new role based in New York, the company said. He will remain head of M&A Americas.

Nomura ranks 12th among firms in arranging global mergers this year, up from 13th in each of the previous four years, according to data compiled by Bloomberg. The Tokyo-based company plans to become profitable in all regions by March 2015, it said this week in an investor presentation, as Chief Executive Officer Koji Nagai targets $1 billion of cost cuts.

Kimura, who has previously served as head of Japan M&A, will move to Hong Kong, the firm said. Novelli, 47, a former UBS AG (UBSN) banker who left the Swiss bank in 2008, was at Nomura for two years. He declined to comment when reached by phone.

The bank is scaling back after a four-year struggle to build a business overseas following the purchase of Lehman Brothers Holdings Inc.’s European and Asian units in 2008. Nomura has posted pretax losses abroad for 10 straight quarters.

In Japan, the company is losing its four-year grip on takeover advice after missing 2012’s biggest deal in the country. Mizuho Financial Group Inc. (8411) overtook Nomura in October after winning a role advising and managing funding for Softbank Corp. (9984)’s bid for Sprint Nextel Corp. (S:US)

To contact the reporter on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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