Nomura has confirmed this week (it took a while) that Steve Ashley and Chris Fleming, both from RBS , are joining the Japanese bank in the London and Tokyo offices respectively.
Ashley has been appointed as global head of rates and will “encompass all of Nomura’s global flow and rates products”. He will report to Tarun Jotwani, head of global fixed income.
Fleming joins as global head of rates sales and will be responsible for “directing Nomura’s dedicated rates sales forces across its core regions”. He will report locally to the co-heads of fixed income EMEA, Kieran Higgins and Georges Assin, and globally to Ashley.
Jotwani says: “Nomura has achieved swift and notable success in building a strong and client-focused international interest rates business to complement its dominant foothold in Japan.
“Over the past 18 months, the rates business in Europe has grown into one of the most significant units within the organization. We have also been developing a full-scale business in the US, with key hires across all products and functions. Now is the perfect time to consolidate our rates operation under a focused and global leadership framework.”