Paul Sheard joins Nomura to head economic research

Nomura Securities International (NSI) announced yesterday the hiring of Paul Sheard as managing director in the newly created position of global chief economist and head of economic research. Sheard reports globally to Hideyuki Takahashi, head of global research, and in New York to Koji Wada and Craig Phares, the co-heads of equity at NSI. His responsibilities include directing Nomura's team of country and regional economists and coordinating economic forecasts and outlooks.

Commenting on the hiring of Sheard, NSI's chairman, president and CEO, Shigesuke Kashiwagi, stated in a press release: "We are extremely pleased that Paul has joined NSI. His experience of more than 27 years as an academic and markets economist will greatly enhance our research efforts globally, and will allow us to continue to add value to our clients."

Prior to joining NSI, Sheard served as managing director for economic research at Barclays Capital. Before that, he worked at Lehman Brothers for more than eight years, most recently as global chief economist and earlier as the firm's chief economist for Asia. A fluent Japanese speaker, Sheard has lived a total of 17 years in Japan.

Sheard received his BA from Monash University in Australia, and his PhD and a Master of Economics from the Australian National University.