Japanese banking giant Nomura has completed an overhaul of its in-house legal team following last year's takeover of Lehman Brothers' European and Middle Eastern equities and investment banking businesses.

The combined legal department is to be overseen by European general counsels Mark Chapman and Piers Le Marchant, who was previously managing director of legal at Lehman.

Nomura has divided the legal team to cover the bank's main lines of business – fixed income, investment banking and equities – and the back office, including corporate and compliance..