The Japanese bank appears to be cranking up its efforts to build out Asian wealth management outside of its domestic market.
Nomura is building a team of wealth management professionals in Asia and has hired a number of senior bankers, this news service understands.
The joiners are Brahjesh Jha, who had been Thailand desk head at BNP Paribas; Mohit Gupta, Non-Resident India desk head at the French banking group; Guarav Gupta, also a former NRI desk head in BNP Paribas, and Prashanth Nithianantham, a NRI relationship manager.
WealthBriefingAsia also understands that Adil Khan, formerly a managing director at Citi Private Bank, based in Singapore, has joined Nomura.
Nomura declined to comment today when asked about the matter. This news service first asked Nomura about the moves on 4 November, when it also declined to comment.
The individuals have been appointed by Ravi Raju, the former head of ultra-high net worth business and the global family office arm at UBS in Asia-Pacific, who was hired by Nomura in September, operating from Singapore.
The move appears to be a renewed attempt by Japan-headquartered
Nomura to step up its Asia wealth management activities outside
of its home market.