Nomura recruits 20 private bankers to bolster Asia wealth business

A pedestrian walks past a Nomura Securities Co. branch, a unit of Nomura Holdings Inc., in Tokyo, Japan, on Thursday, Oct. 27, 2016. Nomura's second-quarter profit jumped 31 percent as trading income made up for a slump in its retail brokerage business. Photographer: Kiyoshi Ota/Bloomberg

Nomura Holdings Inc has hired more than 20 private bankers and investment advisors in Hong Kong and Singapore in recent months as part of the Japanese financial services group’s ambition to expand its international wealth management business.

“The initial focus of the recruitment drive has been to strengthen our presence across Greater China, Southeast Asia and the global South Asia market,” veteran banker Ravi Raju, head of the business, said on Tuesday.

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