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Nomura Announces Management Re-Shuffle

Nomura has announced a number of changes to its senior management structure that includes a new role for Nigel Khakoo, formerly managing director and global head of FX trading.

Based in London, Khakoo is set to transition to a newly created role as global head of quantitative analytics and wholesale CTO. In this position, he will be responsible for leading the bank’s efforts to enhance its quantitative client proposition and build a technology strategy that delivers new products across the wholesale business. Khakoo will report into Steve Ashley, senior managing director, head of wholesale and global markets at Nomura.

An internal memo from Nomura seen by Profit & Loss explains the need for this new role thus: “In an increasingly digitised capital market environment, the strength of our quantitative and front office technology effort will be a key competitive advantage”.

Elsewhere, Rig Karkhanis, head of fixed income and head of macro for Asia ex-Japan, is having his role expanded to include leadership of Nomura’s G10 and EMFX business lines. The internal memo says that by integrating these businesses, the bank will be able to realise synergies across these different asset classes.

Nomura has also appointed Fred Jallot as global head of credit, a role that will incorporate both flow and structured products, as well as the EMA ABS business. Global rates will be led by Richard Volpe, and will also extend across flow and structured products.

As global product heads, both will report into Ashley in addition to their regional reporting lines.

Matthew Reader’s current role as global head of fixed income structured products is being folded into the businesses overseen by Jallot and Volpe and he has instead been named as head of global markets for EMEA, pending regulatory approvals. In this position, he will report into Ashley and Jonathan Lewis, senior managing director and head of EMEA at Nomura.

Galen Stops

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