Nomura plans to hire more bankers to beef up green financing

TOKYO (Reuters) – Nomura Holdings (NYSE:) Inc plans to hire more bankers to beef up its sustainable financing business in anticipation of a surge in demand for decarbonisation-related funding, its global investment banking chief said on Thursday.

The expansion plan comes after Japan’s biggest brokerage and investment bank added five managing directors in the last six months for the its Greentech unit, a merger-and-acquisition adviser in clean technology.

Nomura particularly wants to hire experienced managing directors in fields such as advanced autos, supply chains and transportation, Jeffrey McDermott, global investment banking co-head, told reporters at the company’s sustainability event. He did not specify how many people it was looking to hire.

Nomura expects investments and funding required for decarbonisation to jump five to eight times globally by 2030 from now, he said.

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