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Nomura today announced that it has completed the build out of its European oil and gas equity research team with the hire of Alastair Syme and James Talbot from Merrill Lynch and Michael Alsford, from Morgan Stanley.
Alastair Syme, will be covering the European oil majors and leading a team of four sector experts based in London. James Talbot joins as an industry specialist and Michael Alsford will provide lead coverage of oil and gas exploration and production companies. Iqbal Naseem will be responsible for coverage of European oil services companies and Ryan Kauppila will follow European refineries.
"These hires form part of Nomura's international growth strategy. We are actively searching for the best analysts in each sector and we're excited about the opportunity we have to invest in the current market environment," said Paul Norris, head of EMEA equity research at Nomura. "Nomura's European stocks under coverage will expand to 600 when our current hiring program is complete," he added.
This announcement closely follows the appointment of Amit Roy as head of pharmaceuticals research from Citigroup and Julian Mitchell as head of industrials research, previously at Och Ziff and Credit Suisse. Amit joined Nomura in January 2009 and recently launched coverage of pharmaceuticals stocks with an in-depth sector initiation report and Julian joined in April 2009 after spending time on the buy-side and having been highly ranked at Credit Suisse.
Nomura has a strong research heritage in Japan and the firm's enhanced research product for Europe, Middle East and Africa was launched on 27 October 2008, incorporating full coverage of all major industry sectors. Nomura is consistently ranked number one for Japanese equity research and is committed to reaching a similar position in Europe and the Asia region outside of Japan.
