The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

FX people moves: RBS to Nomura

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.”

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree