What does GIBD stand for?

In its partially revised midterm target, Nomura raised the pretax profit forecast in the global investment banking division by about 20 billion yen while lowering the target for the asset management division by 25 billion yen for the business year until March 2011.

Resistance is coming from pockets of senior British managing directors of several global investment banking divisions and in particular from middle management.

Higdon joined Salomon Brothers in 1973 where he became vice chairman and member of the executive committee and managed the global investment banking division.

He was previously a Managing Director in the Technology Group of Warburg Dillon Read, the global investment banking division of UBS AG.

Vice-Chair of Surgery and Irving Professor of Cardiac Surgery at Columbia University and Director of Clinical Trials of New Surgical Technology; Brian Brille, Managing Director and Global Head of Healthcare Corporate and Investment Banking Group and Global Head of the Financial Sponsor Group at Banc of America Securities LLC; and Clayton Rose, former Head of Global Investment Banking division, JP Morgan & Co.

He will continue to serve as co-head of the Global Investment Banking Division.

as a senior executive, as a member of its management committee and most recently, as head of the Global Investment Banking division.

Merrill Lynch's Global Investment Banking division provides strategic advisory and financing services to corporations, institutions and governments on around the world.