Just 10 months after swiping a senior Goldman Sachs analyst to boost its US equity research unit, Nomura has released its first 'conviction buylist' of 10 S&P 500 stocks, featuring...Goldman Sachs.

Brian Foran joined the Japanese institution in August last year to co-lead banking research, joining Glen Schorr who joined from UBS two months earlier. The duo joined a growing team that was intended make Nomura's name in domestic equity research on Wall Street.