Japan’s Nomura has launched its international wealth management business in Dubai and opened a new office in the Middle Eastern city.
Nomura has launched its international wealth management business in Dubai and opened a new office in the Dubai International Financial Centre (DIFC), according to a statement. This follows the bank’s obtainment of a Category 4 license from the local regulator to expand the scope of its wealth business.
Nomura's wealth office at DIFC is led by senior executive officer Adil Khan. It will primarily serve high net worth individuals, single family offices and external asset managers in the UAE and broader Middle East region, including the Gulf Cooperation Council, North Africa and Levant countries.
«Our on-the-ground presence here will help us better tap into the vast pools of wealth in this region, to complement our strategy of serving clients across Greater China and Southeast Asia as well as the global [non-resident Indian] segment,» said Nomura head of international wealth management Ravi Raju.
Front Office Expansion
To strengthen the new Dubai wealth business, Nomura has also hired six relationship managers.
Pranav Joneja was hired by Nomura after previously working at Bank of Singapore for six years. He is also a former private banker at BNP Paribas and JPMorgan in Singapore.
Anuj Kumar Puri joined from Credit Agricole Indosuez in Dubai where he was market head for the NRI business in the Middle East. Previously, he also worked at Credit Suisse and Bank of Singapore in Dubai.
Aditya Harlalka also joined from Credit Agricole Indosuez in Dubai where he was a private banking relationship manager handling clients across UK, Europe and Asia. He also previously worked at Citibank in London and Bangalore;
Himanshu Virmani is the third hire from Credit Agricole Indosuez in Dubai where he worked as a relationship manager. He had prior stints wealth management and private banking at Abu Dhabi Commercial Bank, Royal Bank of Scotland and Citibank.
Mohammad Nazish Ahsan managed private client relationships for Citibank in Dubai for more than five years before moving to Nomura. Prior to that, he worked at Abu Dhabi Commercial Bank’s wealth management unit in Dubai and Indiabulls in India as an investment advisor.
After 13 years at Citigold Private Clients, Amit Singh joins Nomura in Dubai as a relationship manager. Previously, he also worked as a relationship manager for ICICI Bank’s global private clients group in Dubai covering the UAE and Middle East markets.
