NOMURA News Release

Nomura Builds Latin American Foreign Exchange Sales and Trading Business

New York, November 3, 2010 – Nomura, the global investment bank, has expanded its Latin American Foreign Exchange coverage under the leadership of David Steck, Managing Director, Nomura Securities International, and newly-appointed Global Head of FX Sales. Liran Blum has been appointed Head of FX and Local Markets Americas Trading and Aloisio Teles has been appointed Head of FX LatAm Trading.

In his newly created position, David Steck will define and implement a global client strategy in FX and strengthen the firm's global footprint. In the last 13 months Steck and his regional and global partners have launched Nomura's FX Americas operations, which now employ more than 50 front office staff providing full G10 and Emerging Markets capabilities to a growing client base. Prior to joining Nomura, Steck spent 11 years at Deutsche Bank. Steck reports locally to Peter Hornick, Head of Fixed Income Sales Americas, and globally to Richard Gladwin, Global Head of Foreign Exchange and Commodities.

To build upon Nomura's success to date in growing the Americas platform, Blum has been appointed Head of FX and Local Markets Americas Trading. Prior to joining Nomura in June 2009, Blum worked for SAC Capital Advisors as a portfolio manager and Lehman Brothers. Blum reports locally to Charlie Spero and Jeff Michaels, Joint Heads of Fixed Income and globally to Richard Gladwin.

To ensure continued progress in building Nomura's Latin American business, Teles has been appointed Head of FX LatAm Trading. Prior to joining the firm in June 2009, Teles worked for SAC Capital Advisors as a portfolio manager focused on emerging markets. His prior experience also included working at Lehman Brothers and Banco Bozano Simonsen in Rio de Janeiro where he traded LatAm local market instruments. Teles's extensive LatAm market knowledge, relationships and trading capabilities make him uniquely qualified to lead the effort in expanding Nomura's local markets trading business.

Nomura now has an 8 person team trading Latin American Foreign Exchange focused on Brazil, Mexico and the Andean countries, supported by 4 salespeople and a 4 person strategy team lead by Tony Volpon, Nomura's Brazil strategist. Nomura has an extensive Latin American product suite covering the currencies of Brazil, Mexico, Colombia, Chile and Peru. Its products include spot, forward and non-deliverable forwards, vanilla and exotic options, cross currency and interest rate swaps, Brazil on-shore futures, Brazil and Mexico sovereign bonds and structured products.

Both Blum and Teles are employees of Nomura Securities International Inc., the firm's US broker dealer.

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For further information please contact:

Name Company Telephone
Peter Truell Nomura Holding America Inc. +212-667-9971

Nomura

Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 27,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, wholesale (global markets, investment banking, and other wholesale), and asset management. Nomura's subsidiaries in the US include Nomura Securities International, Inc. and Nomura Securities North America, LLC, its investment banking arms in the United States, and members of SIPC. For further information about Nomura, please visit www.nomura.com.

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