Nomura, a Japanese investment bank, has appointed forex veteran, Rahul Darbari, as its head of Asia foreign exchange options. The new position has seen Darbari relocate back to Singapore.
According to a report from FX Week, Darbari will report to Nagaraj Pangal and Asa Atwell, the global co-heads of FX options at Nomura. Darbari was most recently located in New Zealand but has previously been based in Singapore earlier in his career.
He joins the Nomura from PR Square Investment, an investment firm based in Auckland. Here he was the co-founder and director of the company, which trades equities, forex and commercial real estate. According to his LinkedIn, he worked with the firm from September 2016 until August of this year.
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Rahul Darbari’s Work Experience in Singapore
Before this, Darbari worked at Australia and New Zealand Banking Group Limited (ANZ) as the Global Head of forex and precious metals derivatives. Here he worked for four years, from July 2012 until June 2016. While working for the bank, Darbari was based in Singapore. While at ANZ, Darbari reported to Eddie Listorti who was the Global Co-Head of Fixed Income, Currencies, and Commodities at the time.
Prior to working at ANZ, between 2007 until June 2012 Darbari worked at Standard Chartered Bank as the Global Head of FX Options. In the first two to three years, while working for the firm, he was running exotics and emerging markets in Asia.
During his career, Darbari has also been a forex emerging options and exotics trader at Credit Suisse, a Senior Dealer at Bank Muscat and a manager at ICICI Bank. Darbari was also the President of the IIT Alumni Association Singapore for one year between 2015 until 2016.
Between 1995 until 1995, Darbari studied at the Indian Institute of Technology. Here he graduated with a Bachelor of Technology in Chemical Engineering. He then went on to achieve his MBA from the Indian Institute of Management, Calcutta.