Nomura reshuffles senior management

The Japanese broker said the moves are intended to strengthen business across divisions and regions.

The management line up of Nomura's global markets Asia ex-Japan and EMEA businesses will shift with the reassignment of three senior executives.

Yasuo Kashiwagi, currently based in London where he serves as executive chairman in EMEA is returning to Tokyo to become co-head of global markets, Japan's biggest brokerage by market cap said in a statement on Thursday.

In the new role Kashiwagi will work closely with Steve Ashley, head of global markets, to promote "closer cross-regional collaboration and drive the global markets client businesses," the statement said. Ashley came to Nomura from RBS in 2010 to spearhead the bank's efforts in the fixed income space.

Kashiwagi will be replaced by Minoru Shinohara, currently the chief executive of Asia ex-Japan.

Toshiyasu Iiyama has been designated the chief executive of Asia ex-Japan. He will leverage his investment banking and fixed income experience to build out Nomura’s franchise in Asia ex-Japan.

"These senior management appointments will further strengthen our businesses across divisions and regions,” said Atsushi Yoshikawa, Nomura’s president and group COO, commenting on the placements.

“We have a strong global management team who are well placed to connect markets East and West for the benefits of our clients.”

The appointments are subject to local regulatory approval, said Nomura.

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