Friday, March 25, 2011

Nomura hires Rick Sherlund to lead tech research

Rick Sherlund, a top-ranked analyst known for his particularly thorough coverage of Microsoft for Goldman Sachs, is at it again.

Tokyo-based investment bank Nomura today announced that it hired Sherlund as managing director and head of its U.S. technology equity research team.

Sherlund left Goldman in 2006 for Galleon Group, the hedge fund now involved in an insider-trading scandal, before moving on in 2008. He has since been mining for gold in Alaska and working as portfolio manager of New York investment firm Ketchem Creek Capital.

"We are committed to driving investment results for our clients through deep industry knowledge and a global perspective, and Rick's record and reputation are unmatched in the business," Nomura's head of equities in the Americas, Ciaran O'Kelly, said in a release. "I had the greatest admiration for Rick as a formidable competitor when I was a technology trader, so on a personal level this is a special hire, and one that confirms all we are building at Nomura."

Sherlund covered Microsoft since it went public in 1986 and for years was ranked the top-ranked tech analyst by Institutional Investor magazine.

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