Lehman prime brokers make Lazarus-like comeback

‘Asia’s only home-grown prime broker’ is the slogan being attached to the new global prime broking franchise of Nomura Asia Holding. With the launch of its North American cash prime broking service, all the pieces of that jigsaw are now complete and it is ready to roll. The firm's Asian prime broking arm was actually completed in the late spring, but couldn’t lay claim to a successful full launch until this last piece was in place, as global hedge funds had to tick the box of it being…