Overview
A. Firm Description
Nomura Securities International, Inc. (“NSI,” “firm,” “we,” “us,” or “our”) provides a broad range of
broker-dealer and investment banking services in the United States for institutional clients. We and/or
our predecessor companies have been registered with the U.S. Securities and Exchange Commission
(“SEC”) as a broker-dealer since October 1969 and we have been registered with the SEC as an
investment adviser since 2012. We are owned by Nomura Holding America, Inc., a privately-held
company which is owned by Nomura Holdings, Inc. (“NHI”). NHI is a publicly traded company listed on
the Tokyo and New York stock exchanges. NHI, together with its affiliates, is known as “Nomura,” unless
noted otherwise.
B. Description of Advisory Services
The firm provides research reports and other products and services for a fee to institutional clients.
These services may include any or all of the following: (1) the provision of non-customized equity
research reports prepared by NSI’s affiliates, (2) the provision of other research-related correspondence
and communications from affiliate research analysts relating to such research reports, (3) access to the
affiliate research analysts who prepare such research, and (4) the dissemination of trading ideas in equity
securities by sales personnel (collectively, “Advisory Research
Services”). Clients receiving Advisory
Research Services are referred to herein as “Advisory Research Clients” and other NSI clients and
affiliates (where applicable) are referred to as “Non-Advisory Clients”. As pertinent, Advisory Research
Clients and Non-Advisory Clients are referred to as “clients”.
Our advisory relationships with Advisory Research Clients are strictly limited to the provision of
Advisory Research Services, and any trades, transactions or orders that may be executed, routed or
otherwise processed through us by Advisory Research Clients will be handled by us solely in our capacity
as a broker-dealer.
With respect to our Advisory Research Services, we do not maintain investment advisory accounts for
clients or provide investment advisory discretionary services. We also do not maintain Advisory
Research Client assets or securities.
C. Availability of Customized Services to Individual Clients
NSI’s affiliate research reports are not tailored to the individual needs of clients. We may provide
customized trading ideas to clients, including model portfolios, based on client-specified parameters.
D. Wrap Fee Programs
NSI does not provide portfolio management services in connection with any wrap fee programs.
E. Assets Under Management
NSI does not have any third-party assets under management.