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A former Bank of America executive, Ciaran O'Kelly, a wiry Irishman, is running Nomura's expanded equities operations.
Joe Buono, 26, an equities operations analyst on Wall Street, said he hesitated when his girlfriend, Marisa Abdoo, 27, an account executive at a public relations firm in Manhattan, gave him the key to her Upper West Side apartment for Christmas.
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And, despite its latest purchase, UBS has no strong American presence and relies heavily on its European equities operation.
He could also sell nonessential businesses, like the insurance arm and the private equity operations.
The outcry that followed persuaded the Swiss bank to scale back its private-equity operations.
Most had big private-equity operations for a brief period in the late 1980s.
Another change would prevent institutions from investing their own money in hedge funds or private equity operations.
In addition to the turbocharging effects of leverage, private-equity operations like Blackstone benefit from an exceedingly generous compensation structure.
Other foreign brokerage firms have also abandoned equity operations in Japan this year, notably ABN Amro and Société Générale.
Mr. Baratta, who is based in London and oversees the firm's European private equity operations, will move to New York in September, Blackstone said in a statement.
The Blackstone Group said on Wednesday that it had named Joseph Baratta, one of its senior deal makers, as head of its global private equity operations.
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CEO of Professional Science Editing for Scientists @ prosciediting.com