NOMURA News Release

Nomura names Zhiwei Zhang Chief Economist China

Hong Kong, July 25, 2011 – Nomura, the global investment bank, today hired Zhiwei Zhang to the position of Chief Economist China as the firm strengthens its research platform for this key market.

Zhiwei will lead a team of three economists covering China and report jointly to Rob Subbaraman, Chief Economist and co-head of Fixed-Income Research, Asia ex-Japan and Stewart Callaghan, Head of Equity Research, Asia ex-Japan. He joins from China International Capital Corporation where he developed thematic and regular reports on macro issues including forecasting GDP, CPI, and other macro variables. Prior to that, Zhiwei was a senior manager and led the Mainland China research team at the Hong Kong Monetary Authority from July 2008 to February 2010. He also worked for six years at the International Monetary Fund from June 2002 to July 2008, conducting research on many economies including China.

Zhiwei began his career at the Bank of Canada in 2001 after gaining a Ph.D. in Economics from the University of California, San Diego. He graduated with a B.A. in Economics from the University of International Business and Economics in Beijing in 1996.

"China has become an extremely important part of the global economy and we are thrilled that someone of Zhiwei's experience and caliber is joining our global economics team," said Paul Sheard, Nomura's New York-based Global Chief Economist.

Zhiwei joins an increasingly recognized platform. Recently, Nomura's equity research division achieved second place by weighted results in Institutional Investor's 2011 All-China Research Team with seven ranked team positions. Meanwhile, Rob Subbaraman's team came third in the same publication's Asia ex-Japan Economic Research rankings in 2010.

"Nomura has made significant in-roads in developing best-in-class research by hiring some of the finest talent in the street," said Paul Norris, Head of Global Markets Research. "We anticipate that Zhiwei's knowledge of China and its macro-economic landscape will significantly benefit our clients and our franchise."

Nomura's global fixed-income research division encompasses global rates, credit, currency inflation, commodity and emerging markets research with a total of 43 economists and 175 client-facing analysts. The firm also offers an equity research department of 400 analysts covering 2,000 listed stocks globally.

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For further information please contact:

Name Company Telephone
Rosie Slater Nomura +852 2536 1540
Lillian Liu Nomura +86 10 5866 1720

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. For further information about Nomura, please visit www.nomura.com.

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