Nomura buys Lehmans’ European division

Japanese brokerage Nomura has emerged as the winning bidder in an agreement to buy Lehman Brothers’ equities and investment banking arms in Europe and the Middle East.

Nomura says it expects to retain a significant proportion of the 2,500 staff working across the European and Middle Eastern divisions.

Upon Lehmans filing for bankruptcy last week, Barclays bought the US broker-dealer arm of the failed investment bank, and Nomura bought the Asia-Pacific arm of the business.