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Nomura moves to lock in Lehman’s Asia group

By Reuters Staff
September 30, 2008

nomura.jpgHONG KONG, Sept 30 (Reuters) – Japan’s Nomura Holdings plans to match last year’s bonus pool for Lehman Brothers’ Asia group, according to sources familiar with the matter, in an effort to prevent Lehman bankers from leaving.

The move is also aimed at showing Nomura’s commitment to Lehman bankers, who are still reeling from the collapse of the 158-year old New York institution.

The exact size of the bonus pool and exactly who is entitled to it is unclear, with top performers expected to get first claim.

Lehman’s Asia-based bankers will be offered cash for their 2008 bonus, the sources say, adding that in some cases, 2009 bonus money will be guaranteed as well.

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