Japan’s Nomura unveiled plans to hire private bankers in Asia and the Middle East.
Nomura will add 30 to 35 private bankers for Hong Kong and Singapore in the next two years and split them equally between the rival Asian hubs, according to a «Reuters» report citing head of international wealth management (IWM) Ravi Raju.
There are currently 50 bankers in Hong Kong and 40 bankers in Singapore.
Dubai Branch
In the Middle East, Nomura will add three to four relationship managers by the end of 2024 in Dubai, where the Japanese bank just opened a branch about a year ago, in addition to the current headcount of 10.
According to Raju, he was confident in achieving Nomura's target of $35 billion in assets under management outside of Japan, up 46 percent from the current $24 billion. In the last three years, the IWM business attracted $14 billion in net new money and opened 2,000 new client accounts.
«Current business momentum indicates that IWM doesn't see any impediment to achieve its medium-term plan,» said Raju.
