Nomura, the largest brokerage in Japan, has managed to recruit one of its past employees, Stuart Oakley, as its global head of flow foreign exchange (forex), according to a report by FX Week this Thursday.
Stuart Oakley originally joined Nomura back in 2012 as the global head of emerging markets flow FX and head of emerging markets macros for the MENA (Europe, Middle East and Africa) region.
In his new position, which sees him return to the broker, he will originally be based in London. At the beginning of the new financial year for Nomura, he will be transferred to Singapore, the report said.
As the global head of forex flow, Oakley will be responsible for driving the future development of the brokerage’s FX business. At Nomura, he will report to Asa Atwell.
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Before working at Nomura the first time, Oakley was previously at RBS, where he was Head of Asia Emerging Markets FX Trading. In this role, he was based in Singapore. Prior to this, he was a senior trader at EMEA FX at Barclays Capital in London.
Oakley Joins Growing FX Team at Nomura
Oakley is the latest addition to Nomura’s FX unit. As Finance Magnates reported just last week, the company managed to secure a new vice-president in electronic foreign exchange (e-FX) distribution for Asia, Wei Zhong Lim.
According to his LinkedIn profile, Lim is based in Singapore and reports to Ashvin Parkash. In his own words, Lim is an: “Experienced eFX Salesperson; covers Institutional clients across APAC.”
Lim joined Nomura in the same month that the brokerage reported its third-quarter financial results for its 2019 fiscal year. As Finance Magnates reported at the time, the firm yet again reported a quarterly loss, marking the second in a row, due to a large write-off in its wholesale segment.