Nomura's equity derivative arm enters offshore market

Nomura Asset Management has entered the offshore and European markets with a series of Dublin and Guernsey-structured products linked to equities, hedge funds and commodities - all created by a brand new business unit. Over the past 10 months, Nomura has poached 50 people from 14 different companies to create a fully-fledged equity derivatives arm, which will launch products focused initially on the UK and German markets but also Asia, the Middle East and the rest of Western Europe. The first product will be based on five emerging markets funds covering all the major regions: a 'best of ...