Nomura beefs up RI presence

Nomura beefs up RI presence

HONG KONG (Dow Jones): Nomura International, the regional arm of leading Japanese brokerage firm Nomura Securities Co., is looking to beef up its equity research presence in Malaysia and Indonesia, a top company official told Dow Jones Newswires Monday.

Jim Walker, the managing director of Nomura International (Hong Kong) Ltd., said Nomura has largely put in place the equity team it set out to assemble from April 1998, when the Japanese broker began rebuilding its broking operations in the region. But it's still adding people "here and there," he said.

In Malaysia, where Nomura has two analysts at present, Nomura is "actively looking to hire another two or three," and the company is "just about to make a decision to re-activate in Indonesia," Walker said.