Nomura to Hire 100 for Asia Wealth, Fixed Income Expansion
- Japanese brokerage is rebuilding after aggressive cost cuts
- Asia is becoming more important for global economy: Karkhanis
This article is for subscribers only.
Nomura Holdings Inc. is on a hiring spree to bolster its wealth and fixed income businesses in Asia, key areas for growth at Japan’s biggest securities firm after its latest cost-cutting drive.
The brokerage hired about 20 to 25 private bankers from rivals including Deutsche Bank AG and BNP Paribas SA this year and plans to add similar numbers in each of the next two to three years, said Rig Karkhanis, head of global markets for Asia excluding Japan. It also aims to recruit as many as 40 people for fixed income in the next 18 months, he said.