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Party at Nomura in the U.S.

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Nomura may be pulling back in Europe, but it's doing no such thing in the U.S.

The Japanese bank, which is set to move into new, larger office space in New York City in 2013, will hire more than 60 managing and executive directors for its investment-banking unit within the next three to five years, up from the 38 it has now.

As its competitors lay off, Nomura is trying to seize the opportunity to break into the top 10 global investment banks. It has more than doubled the number of its U.S. employees since March 2009 to 2,350 this year.

James DeNaut, head of investment banking for the Americas, told Bloomberg the bank is hiring in hopes of reaching $1 billion in i-banking revenue for the Americas, which would help it crack the top 10.

In contrast, headcount in Europe has gone down by 500 since the end of September to March 31. While the bank has conducted about 1,300 layoffs around the world as a cost-cutting exercise, that rate is expected to slow, senior management said last month.

Bankers Unite (Financial News)

Good news for former Dresdner Kleinwort bankers: 104 of them have won a battle against the bank to claim bonuses promised to them in 2008.

Best of the Best (WSJ)

Here's a good guide to the top stock analysts of the year, and an update on what the famous ones have been up to lately (like Meredith Whitney and Mike Mayo).

Compensating Accordingly (Reuters)

Nearly half of the revenue at Bank of America Merrill Lynch wealth management came from only 20% of the brokers. That explains why the firm is willing to shell out for the top people.

Building Upward (Barron's)

John Stumpf has guided Wells Fargo from the throes of the financial crisis to a place atop the mortgage lending ladder. Under him, the bank has thrived.

The Nitty-Gritty (Business Insider)

The constellation of bankers involved in the Facebook IPO is wide-reaching. Here are two names you should know: Grimes and Stanford.

Calling It Quits (Reuters)

Zoe Cruz, former co-president at Morgan Stanley, is closing the hedge fund she started in 2010. She's currently combing through job offers, a source tells Reuters.

Getting to the C-Suite (WSJ)

If you want to be a bigwig, you'll need to put in your time around the globe. Not just once, but many times.

Speak Your Mind (Bloomberg)

You may think calling your boss a "freaking jerk" would be grounds for immediate expulsion from the company. Not at TCW Group.

Buzz Around the Office

MCA Get on the Mic (YouTube)

A tribute to the late Adam Yauch (MCA of the Beastie Boys).

List of the Day: Overcoming Your Fears

Here are some tips to help you boost your confidence at the office.

1. When you're called into the boss's office, channel your nervous energy into excitement.

2. If your plea for a raise or promotion is rejected, don't let it puncture your self-worth.

3. Be prepared for meetings or presentations so nothing will catch you off guard.

(Source: The Daily Muse)



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