Nomura Names Jeff McDermott as Global Co-Head of Investment Banking

Nomura Holdings announced the appointment of Jeff McDermott today, an industry veteran with extensive experience in the global corporate sector, as Senior Managing Director, Nomura Securities International and Global Co-Head of Investment Banking based in New York.

In an official announcement, Nomura mentioned that the appointment of McDermott will take effect from 1 October 2021. In his new role, McDermott will be responsible for the expansion of Nomura’s investment banking platform and the scaling of its US investment banking franchise.

McDermott is the Founder and Chairman of Nomura Greentech. Previously, he worked as the Joint Global Head of Investment Banking at UBS. McDermott has a BA in Economics and Political Science from the University of California, Berkeley and an MBA from The Anderson School at UCLA.

“In this new role, Jeff will lead our strategy to build Nomura’s US investment banking franchise and to grow our global investment banking platform, with a particular focus on the megatrends of sustainability and digital. These are areas in which we have already built a strong track record and where Jeff has many years of experience and expertise,” Steve Ashley, Head of Wholesale Division at Nomura, mentioned in the announcement.

Nomura highlighted that the newly appointed Global Co-Head of Investment Banking will report globally to Masahiro Goto, Global Head of Investment Banking, and locally to Christopher Willcox, CEO & President of Nomura Securities International.

Investment Banking

In the latest announcement, Nomura mentioned the importance of its investment banking platform and outlined that the financial services provider is planning to increase its global advisory revenue by more than 50% by the end of FY23/24.

“In addition to Nomura’s current strengths and expertise in certain sectors and products, Jeff’s experience in leading advisory operations and sustainability will help further expand our advisory business. While companies across all industries are facing decarbonization and digitization, we will continue to provide clients with advanced strategic and financial advice in M&As,” Goto said.