Questions linger over NomuraÆs acquisition of Lehman

A bland press conference by Nomura CEO Kenichi Watanabe fails to allay doubts.

At the end of a 90-minute press conference at the Tokyo Foreign CorrespondentsÆ Club on Wednesday, it was still not clear how Nomura plans to squeeze synergies and profits out of its acquisition of former powerhouse brokerage Lehman Brothers. Lehman was taken over by Nomura in late September in a deal which Nomura CEO and president Kenichi Watanabe described as ôthe opportunity of a lifetimeö.

However, journalists were left scratching their heads as Watanabe persistently evaded the questions lobbed at...

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