Top-level shuffle at Nomura in Asia

Glenn Schiffman will move to Wall Street to take on the top investment banking job for the Americas and will be replaced by Colin Banfield and Patrick Schmitz-Morkramer.
 Patrick Schmitz-Morkramer and Colin Banfield
Patrick Schmitz-Morkramer and Colin Banfield

Nomura announced senior management changes in investment banking yesterday, saying it will transfer Glenn Schiffman to the US to head investment banking for the Americas from his current role as head of investment banking for Asia ex-Japan. Schiffman will be replaced in Hong Kong by Colin Banfield and Patrick Schmitz-Morkramer.

Schiffman's appointment will become effective February 1 but sources close to the development say he is not expected to move before April as he is keen to ensure a smooth transition. In the interim he will manage both jobs simultaneously. Tomoko Iino, who previously led investment banking for the Americas, will become co-head.
Before Nomura acquired the Lehman Brothers' franchise in...

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