Nomura has made three senior hires to its emerging markets (EM) team, which includes the addition of Karan Madan, JP Alvarado and Siobhan Morden.
Karan Madan lands at Nomura as its newest Managing Director and Head of Emerging Markets – Americas, where he will help manage and develop the group’s macro business, credit flow, and structured products capabilities across the continent. He joins Nomura from Barclays, having most recently worked as its Head of Latin America (LATAM) and Head of LATAM FICC trading. Additional stops also include senior level EM roles at Deutsche Bank and Merrill Lynch.
Alternatively, JP Alvarado also joins Nomura as a Managing Director and Head of LATAM Credit Trading. Like Mr. Madan, he joins Nomura from Barclays where he worked in a similar level role over the past thirteen years.
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Finally, Siobhan Morden has joined Nomura’s LATAM team as its Managing Director and Head of Fixed Income Strategy. Mr. Siobhan comes over from Jefferies, having held a number of positions including Head of Fixed Income Strategy and Desk Analyst.
According to Jonathan Raiff, Nomura’s Head of Global Markets – Americas, in a statement on the trio of hires, “These senior hires demonstrate Nomura’s commitment to its Global Markets business in the Americas. We are committed to investing in the most profitable areas of our business, and bringing on board talented individuals like Karan, JP and Siobhan helps to support our overall Global Markets strategy.”
Just last week, Nomura reported it was setting up a Financial Innovation Office ahead of a December 1, 2015 open as part of its efforts to foster a cascade of FinTech innovation advancements. The lender also reinforced the stance that it intended to combine efforts with its FinTech Committee to exploit investment and research opportunities in the area.