Nomura Hires Andrew Scherr as Director and
Launches Fund-Derivatives Group
New York, February 16, 2007 - Nomura Securities International, Inc. (NSI), a U.S. broker-dealer within the Nomura Group, announced today that Andrew Scherr has joined the firm as Director, Fund-of-Fund Origination in the Fixed Income Division. Based in New York City, Mr. Scherr is responsible for providing financing and investment solutions to Hedge Funds, Fund of Hedge Funds, Family Offices and Institutions. He reports to Dean Chamberlain, Managing Director and Head of Fixed Income Sales at NSI.
Commenting on Mr. Scherr's hiring, Mr. Chamberlain stated, "We are very happy to have a person of Andrew's caliber on board to help us drive this important sector for Nomura in the Americas. Our desire is to continue to strengthen our position as a top provider of structured products and fund-linked products, which are a core capability in Nomura's product mix."
Prior to joining NSI, Mr. Scherr served for two years at Fortis Prime Fund Solutions (USA) LLC, where as Director of Structured Products, he led the fund-linked structured products business for the Western Hemisphere.
Mr. Scherr has a B.S. in Engineering from the Johns Hopkins University, an MBA from Yale and a J.D. from the University of Maryland.
Ends
For further information please contact:
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| Name | Company | Telephone |
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| Ralph Piscitelli, Director of Corporate Communications | Nomura Securities International, Inc. | 212-667-2430 |
Notes to editors:
Nomura Group
Nomura is a global financial services group dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, over 140 branches in Japan, and an international network in 29 countries; with regional headquarters in Hong Kong, London, and New York. The Group's business activities include investment consultation and brokerage services for retail investors in Japan, and, on a global basis, brokerage services, securities underwriting, investment banking advisory services, merchant banking, and asset management. For further information about Nomura please visit our website at www.nomura.com.
Nomura Group is represented in the Americas by Nomura Holding America Inc. (NHA), which operates from six strategically positioned offices in North and South America. These six offices include the four offices of the U.S. broker dealer, Nomura Securities International, Inc. Both NHA and NSI are headquartered in the World Financial Center in New York.
