Outside of Nomura Holdings' headquarters in the Nihonbashi district in Tokyo, Japan. Editorial credit: VTT Studio / Shutterstock.com
Nomura Holdings, a principal member of the Nomura Group, announced on Monday that JP Morgan exec Christopher Willcox will serve as President and CEO of Nomura Securities International and Nomura Global Financial Products starting May 3. He will also be named Co-CEO and Senior Managing Director of Nomura Americas, according to a company press release.
In his new role, he will bring his background working in foreign exchange, fixed income markets and investment banking to develop the American side of the business.
Willcox joins the Japanese financial services company after 13 years with JP Morgan, where he most recently served as CEO of JP Morgan Asset Management and oversaw $2 trillion in assets under management (AUM) across both public and private markets. Before that, Willcox spent over 15 years in various executive positions at Citigroup.
“Chris’ hiring is part of our continued commitment to grow and strengthen our capabilities in the Americas,” said Kentaro Okuda, Nomura President and Group CEO. “Chris will play a key role as we continue our strategy of taking Nomura to the next level in delivering sustainable growth while remaining committed to our mission to enrich society through our expertise in the capital markets.”
In March, Nomura — alongside Swiss bank Credit Suisse — announced that it had suffered heavy losses after losing a U.S.-based hedge fund as a client, and warned about the significant dent its impact could have on its financial results. The company added the estimated amount against the client is around $2 billion.
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