Nomura to Appoint Jesse Bhattal as President and COO of
New Wholesale Division
Tokyo, March 17, 2010 – Nomura Holdings, Inc. today announced plans to establish a Wholesale division encompassing the firm's Global Markets, Investment Banking, and other wholesale operations. The creation of the new division signifies Nomura's commitment to enhancing its global business and will promote greater synergies between the wholesale businesses as well as across regions.
Jesse Bhattal, Nomura's Asia Chairman, will be appointed as President and COO of the Wholesale division. The heads of the wholesale businesses and the regional CEOs in Asia ex-Japan, EMEA, and the Americas will report to Jesse.
Jesse will also be appointed to Nomura's Executive Management Board and will commit himself to management of the overall Nomura Group. He will report to Nomura Deputy President and COO Takumi Shibata, who will take on the role of Chairman and CEO of the Wholesale division in addition to his current responsibilities. Signifying the importance of Asia for Nomura's business, Jesse will be based in Hong Kong. All changes are effective April 1, 2010.
"Jesse's unrivalled experience and track record in this industry makes him the best possible choice to take our wholesale businesses forward as we accelerate the globalization of our businesses," said Takumi Shibata.
Speaking on Jesse's appointment, Nomura President and CEO Kenichi Watanabe said: "We are delighted that we have someone of Jesse's caliber to work with our global and regional management teams to help our clients transform their businesses."
Jesse has more than 25 years experience in the investment banking industry and was formerly Asia-Pacific CEO of Lehman Brothers, the most profitable region for the global investment bank. He was the longest serving Asia-Pacific CEO of any global investment bank and a member of Lehman Brothers' global executive committee. Jesse received an honors and master's degree in economics from Oxford University as a Rhodes Scholar.
Asia business
Over the past year and a half, Nomura has successfully built a globally-competitive Asia franchise ready to expand market share and capitalize on opportunities. To drive further momentum in this key region, Nomura also announced today the appointment of Philip Lynch as CEO, Asia ex-Japan, effective April 1, 2010.
Philip is currently the firm's CEO for the Middle East and Africa, where he led the rapid growth of our successful franchise in that region. Previously, he also served as co-head of Lehman Brothers' #1 ranked equity franchise in Europe. He also brings to the region 11 years of experience in Asia, including 2 years as co-head of Lehman Brothers' Asia investment banking division. He will maintain his responsibilities for the Middle East in close partnership with Takuya Furuya, Chairman of the Middle East and Africa.
"We are delighted that Philip will be returning to the region," said Jesse Bhattal. "He will have an enormous impact to our franchise with his client relationships globally, along with his excellent track record as a global operator and business leader."
Capital Markets
Nomura's current CEO for Asia ex-Japan, Minoru Shinohara, will relocate to Tokyo to run Nomura's global equity and debt capital market new issue businesses.
Ends
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 five business divisions: retail, global markets, investment banking, merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.
