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Nomura expands fixed income staff in London - FT

Sun Sep 6, 2009 7:44pm EDT

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LONDON, Sept 7 (Reuters) - Japanese bank Nomura (8604.T) is set to announce the appointment of eight new London-based managing directors as part of a push into the global fixed-income business, the Financial Times reported on Monday.

Japan

Former Lehman Brothers employee Tarun Jotwani is orchestrating the expansion from Tokyo in his role as head of fixed-income at Nomura, as the bank attempts to cash in on gaps left in the global market by the financial crisis.

"This is the biggest window I've seen in my 22 years in the sector - 16 percent of market share just disappeared last year and is now up for grabs," Mr Jotwani told the Financial Times.

New hires who will based in London include Ben Nielsen from UBS (UBSN.VX), Jim McCormick from Citigroup (C.N) and Kaveh Taleghani, formerly of Dresdner. (Reporting by William James; editing by Marguerita Choy)



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