Nomura Securities International, a U.S. broker-dealer unit of Japan’s Nomura Group, has recruited several people from Barclays Capital and Bank of America as it begins to build out its equities operation.
Since October 2008 it has hired a six-person program trading team from Barclays Capital that had been with Lehman Brothers. The team is led by Kevin Brady. In addition, Nomura hired a “significant portion” of the former quant analytics and systematic trading team of Lehman Brothers in November 2008, the firm stated in a press release. The team, led by Michael Bos, Amit Manwani and Mark Mancini, plans to offer a suite of algorithms by the end of the year.
On the equity derivatives side, Nomura, last month, hired 14 salespeople and traders, including 10 from Bank of America. The team is led by Dmitriy Genkin and will focus on flow trading and structured derivatives. The flow group will focus on single stock options, index options, and ETFs. It also plans to build out an OTC options and Delta-1 offering.
Nomura states it plans “further targeted recruitment of world class salespeople and traders to build out its equity division.” The big broker recently transferred Naoki Matsuba, head of global equities, from London to New York to oversee the development of the U.S. equities business. Matsuba had been responsible for overseeing the integration of Lehman Brothers’ former European equities operations.
