Nomura Securities International, Inc. (NSI), NHA's broker/dealer, functions from four offices, including NHA headquarters in New York. Nomura backs its presence with more than $1 billion in capital and more than 1,200 employees as of May 2005.

Since the opening of its office in New York in 1927, Nomura has drawn on the talents of its local and international staff to provide access to domestic and global markets, both here in The Americas and throughout the Nomura global affiliate network. NSI is a member in good standing of all major securities, futures and options exchanges and a shareholder of the major clearing organizations, providing full market access to its clients.

NHA's focus in The Americas is twofold: We compete in markets where our expertise and synergies with Nomura's global network provide clear benefits to clients. Additionally, we operate in local markets unique to the Americas, where we have developed a competitive advantage. Our four major divisions - Equities, Fixed Income, Asset Management, Investment Banking - all work in concert with Nomura worldwide to enhance distribution or create new products and services that can be applied in other international settings.