NOMURA News Release

Nomura Announces New Senior Management Appointments

Tokyo, March 8, 2011 – Nomura Holdings, Inc. today announced a series of top management appointments to further strengthen its global leadership team.

Tarun Jotwani, in recognition of his outstanding track record in building successful businesses, has been promoted to Executive Vice President and Head of Global Markets. Tarun will lead both Fixed Income and Equities under a fully integrated capital markets platform, setting strategy, prioritizing resources and driving sustainable and profitable growth for all Global Markets businesses across all regions. As Tarun assumes these expanded responsibilities, he will also transition out of his current role as Chief Executive Officer, Europe, Middle East and Africa.

Benoit Savoret will join Nomura with immediate effect as Joint Head of Global Equities, reporting to Tarun. Benoit has more than two decades of industry experience and spent 11 years at Lehman Brothers, where he served as Chief Operating Officer in EMEA, Head of European Equities and prior to that also served as Head of Asia-Pacific Equities. He brings to the firm an exceptional operating track record, as well as a vital global business background. Rachid Bouzouba, who has played a significant role in the integration and growth of Nomura's equities franchise as Joint Head of Global Equities, is discussing alternative roles with Nomura.

John Phizackerley, currently Joint Chief Administrative Officer (CAO) of the Wholesale division, will succeed Tarun as Chief Executive Officer, Europe, Middle East and Africa. John has spent more than 20 years in the investment banking industry and will continue to deliver experienced management as well as front-line business expertise to the region. His appointment is subject to regulatory approval.

Paul Spanswick will continue to lead the growth of the Corporate platform as the sole CAO of Wholesale, ensuring that Nomura continues to benefit from his many years of success across the organization.

"These appointments represent a critical next step in meeting the increasingly sophisticated needs of our global clients through an integrated product offering, building even greater partnership between the businesses and regions, and driving overall profitability across the firm," said Jesse Bhattal, President and Chief Operating Officer of Nomura's Wholesale division.



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