Head to Head with Jesse Bhattal: Lehman survivor bets big on EM

After 15 years with Lehman Brothers in Asia, Jasjit “Jesse” Bhattal found himself leading the sale of the firm’s international business to Nomura in 2008. Two years later, to counter staff defections as retention bonuses began to expire, Nomura turned to Bhattal to run its wholesale banking business, making him the only non-Japanese member of the bank’s executive management board. He recently spoke to Toby Fildes about his outlook for investment banking, the continuing expansion project at Nomura, and the regulatory challenges that the industry faces.