Nomura Holdings Inc., financial firm based in Japan plans to hire over 40 private bankers in Asia and the Middle East in the next two years. The company is looking at tapping into an expanding pool of rich families and entrepreneurs in the region, based on the report by Reuters News on Thursday.
The company is a principal member of Nomura Group, which is a global financial services group with an integrated network spanning over 30 countries and regions. It aims to enhance its wealth management, as a part of boosting revenue with less risks to market uncertainty.
Ravi Raju, heading Nomura’s wealth management business said, the company plans to increase the headcount of relationship managers to 135 in the next two years. This will help double the business growth, in an interview with Reuters.
The business currently employs 91 private bankers in Singapore, Hong Kong and Dubai to serve affluent clients in Greater China, Southeast Asia and the Middle East, Raju added.
Japan-based financial firm reported its first-quarter earnings on Tuesday, at a revenue of 92.1 billion yen, up by 29 per cent from a year ago.
Nomura said its services including solutions and the regularized annual licensing fee boosted revenue to offset a quarterly slowdown in equity capital markets and debt markets. The company continues to lead in Japan equity capital markets and initial public offering league tables.
