Nomura combines Equity Financing and Delta 1 08 April 2014London Reporter: Stephen Durham
Image: Shutterstock
Nomura has combined its Equity Financing and Delta 1 departments under Ben Challice globally, according to a spokesperson for the group. Regional duties will continue to be undertaken by the respective heads of Equity Trading.
The bank has also announced a Japan-focused, prime brokerage sales effort to capitalise on the core strength of the franchise. Outside of Japan, the prime brokerage platform will continue to support the related opportunities associated with Delta 1, Equity Financing and Instinet/Nomura execution.
According to the Nomura, the combination of Delta 1 and Equity Financing will allow for a more comprehensive financing and execution solutions-based offering for clients. This allows the bank to offer consolidated two-way cash and asset financing while encompassing multiple products.
Nomura also hired William Donzeiser from RBS as a managing director in the New York Equity Finance solutions team, in order to help with the integration.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 