Frankfurt, November 2, 2023 - Nomura Financial Products Europe (NFPE) announced today that Markus Sauerland will be retiring from his role as CEO as of December 31, 2023.

Mr. Sauerland will be replaced as CEO of NFPE by Shogo Ohira who is currently NFPE's Chief Client Management Officer and Country Head of Germany. Mr. Ohira will also retain his current role as Country Head.

Meanwhile, Christoph Heins, who joined Nomura in July this year from Commerzbank as Chief Financial and Administrative Officer, will additionally become Deputy CEO.

Jonathan Lewis, Head of EMEA & NEHS CEO, said: "After playing a key role in establishing NFPE, Markus's leadership has helped lay the foundations for the business to become an integral part of Nomura's Wholesale strategy in Europe.

"We would like to thank Markus for his significant contribution and leadership during his time at Nomura."

Mr. Sauerland will support the transition as a senior adviser to NFPE before he leaves at the end of this financial year.

Since joining Nomura more than 25 years ago, Ohira-san has held a number of senior roles, including Head of Japan Equity Sales in Tokyo, Deputy Head of Trading Service Department, and Country Head of Malaysia.

Christoph Heins joined Nomura in July from Commerzbank where he had various local and international assignments, the most recent being Head of Group Finance. Before joining Commerzbank in 2008, Mr. Heins served as Head of Finance, Market Risk Controlling, Back Office Operations and Information Technology at Eurohypo New York.