Nomura Holdings' global wealth management business is opening a branch in Dubai as it expands into the fast growing Middle East hub to cater to an affluent pool of clients.
The logo of Nomura Securities is pictured at the company's Otemachi Head Office in Tokyo, Japan, November 18, 2016. REUTERS/Toru Hanaiglobal wealth management business is opening a branch in Dubai as it expands into the fast growing Middle East hub to cater to an affluent pool of clients.
The expansion will be through its Nomura Singapore unit, which is already the booking centre for its international wealth business for its target markets of Greater China, Southeast Asia and Indian expatriates. The business currently employs about 90 private bankers in Singapore and Hong Kong. Nomura, which is outside the top-20 ranks of private banks in Asia, has been beefing up the number of its wealth advisers, and expanding its products, spearheaded by Singapore-based veteran private banker Ravi Raju, who joined the group in 2020.
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