Daily Dispatches: Nomura expands in Aus

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Nomura is building its Australian investment banking presence, with three key hires as it attempts to win further market share. The Japanese-based bank, which now has 90 staff in Australia, has hired Ian Maxton from Deutsche Bank, Ed de Salis from Bank of Scotland and John Hanson from Merrill Lynch. (The Australian)

CBA says it will raise $900m with the issue of a new Tier 1 hybrid security. (Business Day)

Babcock & Brown Power is in a trading halt pending the disclosure of matters likely to impact the company. (Sydney Morning Herald)

Macquarie Group is a step closer to joining the top tier of global investment banks in China, now the world's most lucrative securities market. (The Age)