Nomura Hires Malaysia Research Team to Support Cash Equities Clients
Hong Kong, August 13, 2009 – Nomura, the Asia-based global investment bank, today announced the appointment of a Malaysia-based equity research team as part of its drive to build out its cash equities business in South East Asia. Nomura Securities Malaysia Sdn Bhd. launched its onshore cash equities business in Malaysia last month after obtaining the special scheme stock broking license from the Securities Commission.
Wai Kee Choong is joining as head of Equity Research for Malaysia together with two other analysts, Julian Chua and Ken Arief Wong, to further extend Nomura's strong research capabilities. This team will also be supported by regional analysts based out of Singapore and Hong Kong. Nomura is currently number one in terms of Pan-Asia research coverage, with over 1,150 stocks under its coverage across Asia-Pacific in combination with the Equity Research team in Japan.
"The appointment of this new team has further expanded our strong Asia-Pacific research franchise, and is testament to Nomura's continued investment in research as part of its strategy to become the top equity house in Asia," said Siggi Thorkelsson, head of Equities for Asia-Pacific, Nomura.
Mr. Choong joins Nomura from Citigroup, where he was head of Malaysia Research leading a team that repeatedly topped the rankings in the annual Institutional Investor survey. Prior to that, he was head of Malaysia Research for BNP Paribas Peregrine.
"We are delighted to have someone of Wai Kee's caliber to lead our team in Malaysia. His extensive knowledge of the Malaysia market gained over the past 16 years will add tremendous value to our clients," added Jit Soon Lim, head of Equity Research for South East Asia, Nomura.
Mr. Choong's new team will focus on overall Malaysia market strategy and key sectors of the market, such as gaming, financials and plantations. Mr. Choong will report to Jit Soon Lim.
Nomura is actively building out its Equities business globally and has been gaining market share across all major exchanges. In Asia, its cash equity average daily trades have doubled in the first six months of the year. Globally, Nomura is ranked number one overall on the London Stock Exchange in terms of volume and value of shares traded monthly, which represents a tremendous progress against its 82nd position in December 2008.
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For further information please contact:
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| Name | Company | Telephone |
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| Matthew Russell | Nomura | Tel: (852)-2252-6014 |
| Anne Lui | Tel: (852)-2252-6451 | |
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Notes to editors:
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 about 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: retail, global markets, investment banking, merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.
