Nomura, the Japanese investment bank, is set to buy Tricorn Partners, the UK-based corporate finance advisory firm, reversing the trend for bankers to leave large institutions for smaller, independent boutiques. Guy Dawson and Justin Dowley, who have run Tricorn since leaving Merrill Lynch seven years ago, will join Nomura with a mandate to build the Japanese bank’s relationships with UK boardrooms. The acquisition price has not been disclosed, but part of it will depend on earnings that the bankers generate over the next two years.

This entry was posted by Gwen Robinson on Wednesday, December 16th, 2009 at 5:00 and is featured in The 6am Cut London (16 Dec 2009) . Tagged with nomura, tricorn. Edit this entry.