Nomura Holdings Inc. is hiring bankers for its mergers and acquisitions business in Japan as a sharp rebound in domestic deal-making vaults the nation’s biggest securities firm to the top ranks of global advisers.
"We’re recruiting people more eagerly than usual,” global M&A head Shunichi Tsunoda said in an interview. Consultations on local deals are up about 30% to 40% from a normal year, with clients seeking advice on "every kind of transaction” during the pandemic, he said.
Japan has driven a global revival in M&A activity in recent months, as the economy shows early signs of a recovery and companies look to reshape themselves for life after the coronavirus. Nomura has worked on mammoth deals including the ¥4 trillion ($40 billion) NTT Docomo Inc. buyout, putting it on course to end the year among the world’s top 10 advisers for the first time, figures compiled by Bloomberg show.