Japan’s Nomura is on a recruitment drive in Asia and the Middle East for private bankers, as part of broader ambitions to double its business.
In the next two years, Nomura plans to hire more than 40 private bankers in Asia and the Middle East, according to a «Reuters» interview with Ravi Raju, who heads the Japanese lender's wealth management business outside of Japan. Nomura currently houses 91 private bankers in Singapore, Hong Kong and Dubai to serve clients in Greater China, Southeast Asia and the Middle East.
«The plan for us is to grow to about 135 relationship managers in the next two years, which will help us double our business,» Raju said.
The hiring drive is part of broader plans to boost assets under management (AUM) from $15 billion to $35 billion by March 2025. This follows a three-year overhaul that saw AUM double and the creation of 1,200 new client accounts. In the year to March, revenues totalled about $100 million.
