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Nomura aims for Top 5 ranking
Japan’s Nomura is aiming for a place at investment banking’s top table after buying chunks of the Lehman Brothers empire. “Our declared goal is to become a top 5 global investment bank,” said Germany co-head Patrick Schmitz-Morkramer. Nomura bought Lehman’s Asian, European and Middle East operations in September, shortly after the Wall Street bank failed, with the goal of raising its global presence.