Dan McNamara has signed up at Nomura, moving from Citi where he was head of both the financial institutions group (FIG) and real estate, according to sources close to the development. At Nomura, McNamara will head FIG investment banking for Asia-Pacific ex-Japan and co-head corporate finance. The Tokyo-based bank yesterday also made three senior appointments within investment banking in Australia: Ian Maxton, Ed de Salis and John Hanson.
McNamara was a senior investment banker at Citi. Aside from the two important portfolios he headed when he left, he has also held other key positions at the bank, including co-head of investment banking for Asia-Pacific together with Mark Renton. McNamara took up his current job at the US bank when Farhan Faruqui was appointed head of global banking for Asia-Pacific in February this year -- a role that includes overseeing investment banking. The position of global investment banking head for Asia-Pacific was eliminated as part of that restructuring.
FIG is a focus area for firms in Asia-Pacific, as many banks in the region are in growth mode. Citi has done well in FIG year-to-date on McNamara's watch. The US bank tops Dealogic's league table ranking for both G3 debt capital markets issuance with 26 deals, and mergers and acquisitions with 11 announced deals. Nomura will be hoping that McNamara brings with him some of these relationships and replicates his success at the Japanese bank when he joins after his gardening leave.
McNamara will co-head corporate finance with ex-Citi colleague Shaheryar Chishty, who is head of industrials investment banking at Nomura, and Robert Chiu, who heads telecommunications, media and technology investment banking. Chishty was poached by Nomura in October last year. Chiu was previously regional head of TMT investment banking for Asia-Pacific and chairman of Taiwan investment banking at Merrill Lynch in Hong Kong. Both Chishty and Chiu joined Nomura early this year. Chishty, Chiu and McNamara all report to Glenn Schiffman, who was appointed head of investment banking for Asia-Pacific ex-Japan along with Toshiyasu Iiyama in November last year.
Both Nomura and Citi had no comment on McNamara's move.
The three new positions in Australia have been created as Nomura continues to grow its business down under.
Ian Maxton joins the firm as managing director and head of financial Institutions, investment banking, for Australia. He was previously vice-chairman of global banking for Australia at Deutsche Bank. Maxton will report to Matt Coren who heads investment banking for Australia.
Ed de Salis joins as an executive director and head of the risk solutions group for Australia, reporting regionally to Coren and functionally to James Lee, who heads the bank's risk solutions group for Asia-Pacific ex-Japan. de Salis comes from the Bank of Scotland where he structured and marketed derivatives solutions.
John Hanson has been hired as the head of M&A for Australia. He was earlier head of M&A at Merrill Lynch and has also worked in M&A with Citi and Deutsche Bank. Hanson joins as an executive director, reporting regionally to Coren and functionally to Colin Banfield, Nomura's head of M&A for Asia-Pacific ex-Japan.