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Foreign Exchange

Nomura appoints EMEA fixed-income head

Nomura has hired a new managing director and head of fixed income for Europe, the Middle East and Africa (EMEA).

Gary Cottle, who was previously global head of corporate FX sales at RBS, started his new role on Wednesday, a spokesman for the Japanese bank confirmed to EuromoneyFXNews. Cottle replaces Georges Assi, the former deputy global head of fixed income, who left Nomura in July. Prior to joining RBS in 2007, Cottle worked at Morgan Stanley and Barclays.

In his new London-based role, Cottle will report to Steve Ashley, Nomura’s senior managing director and global head of fixed income and currencies, and to John Phizackerley, chief executive EMEA.

The move is the latest in a series of restructurings at Nomura since Ashley took over as head of the bank’s fixed-income, currency and commodity trading operations in March.

In this year’s Euromoney FX survey, Nomura remained in 14th position, with a market share of 1.34%.

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