Nomura, the global investment bank, announced today that Richard Sherlund joined as Managing Director and Head of its US Technology equity research team.

Sherlund spent 24 years at Goldman Sachs, where he was the #1 Institutional Investor ranked software analyst for 17 years. He earned his BS, with honors, and his MBA from Cornell University, and is also a CPA. Most recently, Sherlund was the CEO and Portfolio Manager of Ketchem Creek Capital, a New York-based technology-oriented investment firm.

Ciaran O’Kelly, Head of Equities, Americas, said, “We are excited to make this cornerstone hire in US Equities as we continue to build our offering of differentiated research. We are committed to driving investment results for our clients through deep industry knowledge and a global perspective, and Rick’s record and reputation are unmatched in the business. I had the greatest admiration for Rick as a formidable competitor when I was a technology trader, so on a personal level this is a special hire, and one that confirms all we are building at Nomura.”

Paul Norris, Global Head of Equity Research said “Nomura is building a globally connected research platform where technology is a key strength, given our dominant position in Asia. We are delighted to welcome Rick to the global team.” Furthermore, Michael Rietbrock, Head of US Equity Research, added, “Rick is a thought leader within the technology industry, and his hiring represents another step toward Nomura building a top-tier US equity research department. We, and our clients, look forward to his contributions as he returns to the sell-side.”

Rick Sherlund said, “As a tech analyst, I love growth stories, and the momentum of Nomura in the US makes it the most exciting place to be now. I am excited to join the great sales, trading and research team in place and return to a role serving and making money for institutional clients.”

Hiring outstanding talent exemplifies Nomura’s commitment to developing its US business in a first-rate way. Nomura is ranked #1 in Japanese equity research by the Nikkei and Institutional Investor, and #2 in Asian equity research by Institutional Investor. In the US, Nomura offers leading fixed-income, economic and quantitative research, and is currently expanding its capital markets and investment banking businesses.

Nomura

Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 27,000 staff worldwide. Nomura’s unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, wholesale (global markets, investment banking, and other wholesale), and asset management. Nomura’s subsidiaries in the US include Nomura Securities International, Inc. and Nomura Securities North America, LLC, its investment banking arms in the United States, and members of SIPC. For further information about Nomura, please visit www.nomura.com.

Copyright Business Wire 2010