Nomura Holdings plans to hire more than 40 private bankers in Asia and the Middle East in two years to tap an expanding pool of rich families and entrepreneurs in the regions, its international wealth management chief told Reuters.
A logo of Nomura Holdings is pictured in Tokyo, Japan, December 1, 2015. REUTERS/Toru Hanai//File Photoplans to hire more than 40 private bankers in Asia and the Middle East in two years to tap an expanding pool of rich families and entrepreneurs in the regions, its international wealth management chief told Reuters.
"The plan for us is to grow to about 135 relationship managers in the next two years, which will help us double our business," Ravi Raju, who heads Nomura's wealth management business ex-Japan, said in an interview. Nomura has repositioned the business to be part of the wholesale division to provide high net-worth individuals with a broad range of investment products and services in everything from equity to structured products - similar to what it offers to institutional clients.
Nomura, still outside the top-20 ranks of private banks in Asia, has advantages of being "small and entrepreneurial" in its hunt for talent in the main battleground for global wealth managers, said Raju, a veteran private banker who joined Nomura in 2020.
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