Euromoney, May 10 2021
The partnership between Nomura and Jarden in Australia and New Zealand, announced on Monday, is intriguing.
Jarden is a New Zealand-based financial services group that last year commenced a pushinto Australian investment banking, led by several former UBS and Goldman Sachs executives, with Robbie Vanderzeil as chief executive.
At first glance, there appears to be some overlap. Both firms will continue to run standalone corporate advisory and capital markets businesses in Australia and New Zealand, begging the question: why do it, then?
The answer appears to be for global distribution capability, which was the one stand-out omission from the Jarden offering. It also brings a decent balance sheet, which certainly won’t hurt.
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