Nomura beefs up Asian fixed income with two new hires

Nomura hires ex-Deutsche Philippines banker Martin Syquia, while Malcolm Mui joins its syndicate desk from NAB.

Nomura has made two new hires as it continues to build its fixed income team in Asia. The firm has hired Martin Syquia, who was previously the head of capital markets and treasury solutions (the newly-formed combination of debt capital markets/corporate coverage and corporate banking coverage) for the Philippines at Deutsche Bank.

Syquia will be joining Nomura as an executive director of corporate sales for Southeast Asia in early September. He will be based in Hong Kong and will report to Samir Bhandari, co-head of fixed income sales for Asia ex-Japan.

Syquia joined Deutsche Bank in January 2004 and helped build the bank’s debt franchise in the Philippines during his tenure at the firm. He played an instrumental role in handling the Republic of the Philippines’ bond issues and, notably, Deutsche Bank has acted as an arranger on nearly all the sovereign’s deals since he joined. The bank has also been active in peso and dollar-denominated debt for government-related institutions such as Land Bank of the Philippines, Development Bank of the Philippines and Psalm.

At Nomura, Syquia will hold a regional role but will be focused on helping Nomura build its franchise in the Philippines, a market where the firm has a limited presence. Before joining Deutsche Bank, Syquia was at Barclays Capital in Hong Kong, covering the Philippines.

Syquia will re-join with his former Deutsche Bank colleague Mark Leahy, who moved to Nomura in June 2011 to develop the firm’s regional debt franchise.

Nomura has also hired Malcolm Mui as an executive director on its fixed income syndicate desk, with responsibility for frequent issuers, regional currency markets and medium-term notes. He will report to Leahy, who is the head of debt origination and fixed income syndicate for Asia ex-Japan.

Mui joins from National Australia Bank, where he established a significant principal investment business focusing on regional credit. Prior to that, he worked at Bear Stearns where he originated, structured, marketed and syndicated cash and synthetic credit products to clients in Asia ex-Japan.

Mui started his career in credit structuring and origination at J.P. Morgan Chase in New York after graduating from Harvard University. He later worked on the structured products syndicate desk at Goldman Sachs in the firm’s fixed income, currency and commodities division.

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