It comes as no surprise that the power house Nomura Holdings Inc. has stepped in to snap up the Asian operations of Lehman Brothers and its "significant asset base." Many people might be left scratching their heads in light of current market conditions, but for someone in the recruiting business in Japan for more than a decade, the 3,000-plus employees that Nomura has just bought could be worth more than any hard asset the now defunct Lehman has on its books
Take, for example, Lehman's diversity program in the region. It has long been not just an industry leader but one that has transcended sectors and firms -- from oil and gas to manufacturing -- and one that companies, including Japan's globally successful telecoms and U.S. computer makers, have long struggled to emulate. At a time when firms in the financial industry are doing everything they can to keep their assets from walking out the door, Lehman, and now Nomura, have those assets on site and on tap.
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