Nomura Enhances Global Fixed Income Business with Key Hires
Tokyo and London, May 26, 2010 – Nomura, the global investment bank, today announces the appointment of Steve Ashley as Global Head of Rates, and Chris Fleming as Global Head of Rates Sales. Mr. Ashley will be based in Tokyo and his role will encompass all of Nomura's global flow and rates products. Mr. Fleming will be based in London and will be responsible for directing Nomura's dedicated rates sales forces across its core regions.
Steve Ashley joins from Royal Bank of Scotland where he was responsible for global delta interest rates and flow credit trading. He spent six years at RBS building its rates business and overall he has more than two decades of experience in rates trading with senior roles at UBS and Credit Suisse. He will report to Tarun Jotwani, Head of Global Fixed Income.
Chris Fleming also joins from Royal Bank of Scotland where he was European head of interest rate sales, co-European head of flow credit sales and European head of FX flow and futures. Prior to this, Mr. Fleming worked at UBS as head of all liquid product sales, government and flow derivatives for Europe. He will report locally to Kieran Higgins and Georges Assi, co-heads of Fixed Income EMEA, and globally to Steve Ashley.
"Nomura has achieved swift and notable success in building a strong and client focused international interest rates business to complement its dominant foothold in Japan," says Tarun Jotwani, Head of Global Fixed Income. "Over the past 18 months, the rates business in Europe has grown into one of the most significant units within the organization. We have also been developing a full scale business in the US with key hires across all products and functions. Now is the perfect time to consolidate our rates operation under a focused and global leadership framework."
Nomura is committed to increasing depth in its existing businesses while strategically broadening its franchise into new markets, as it achieves its goal of becoming a next generation investment bank.
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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 26,000 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.
