Nomura Holdings announced the hiring of 15 new senior directors to its investment banking business in the US. These appointments have taken place over the course of the last 12 months, and have subsequently reshaped the company’s leadership in a pivotal financial market.
In a recent interview with Reuters, Nomura’s Chief Executive Koji Nagai emphasized the importance of gaining a larger market share in the US, which produces more than 50% of the world’s investment bank fee revenue. He also discussed the direction of the company, and its expansionary plans into China.
Of the 15 total Directors hired to the US investment bank business, 12 will serve as Managing Directors, while the remaining 3 will assume Executive Director roles in the company’s versatile and dynamic operational structure, spread across three US cities, specifically New York, Chicago, and San Francisco.
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The New York Offices received an influx of new key members, across a variety of sectors. With respect to the financial fields, there were several noteworthy appointments of senior managers within the company. Joining the Head of Private Capital Markets is Thomas Chung, who endured a 17-year tenure at Credit Suisse. Moreover, Scott Willard and Douglas Yablonski have joined the company as Managing Directors in the Acquisition & Leveraged Finance Group and M&A Groups, respectively.
It is clear the Nomura is filling its open positions with individuals, who have a vast amount of knowledge and experience in their respective fields. With over 20 years’ experience in Equity Capital Markets, Donald Sung has been appointed as Head of Convertible Origination within the Equity Capital Markets Group. Similarly, Jim Voorheis has obtained more than 25 years of experience in financial services at prestigious institutions including UBS and Deutsche Bank, and now takes over as Managing Director in the Financial Institutions Group for Nomura’s New York offices. Joining the San Francisco office is Chris Shilakes, who will head Software Banking within the Business Services & Technology Group.
Among the company’s newest executive directors is Chris Young, who was recruited as an Executive Director for Nomura’s New York based Acquisition & Leveraged Finance Group. Prior to joining Nomura, he held several positions in Leveraged Finance and Capital Markets, over the course of a 12-year career at Deutsche Bank.
Nomura continues to look forward, despite relatively stagnant figures in 2017. As the cryptocurrency market continues to see high levels of demand, the FX market in Japan has conversely seen a downtrend in overall volume as well as revenues. Nomura appears to be attempting to expand its operations to encompass demand in additional markets and alternative facets of the financial industry.