Salim Salam, head of Japanese International Equities Syndicate at Nomura Holdings Inc. (8604), is leaving after more than 14 years with the securities firm, said a person with knowledge of the matter.
Salam, who as a London-based managing director helps Japanese companies raise money in the equities market, is departing on Feb. 14 for personal reasons, the person said, declining to be identified as the details are private. He didn’t return a call or e-mail seeking comment.
Fees from Nomura’s investment-banking operations, which include managing stock and bond sales for clients and providing advice on mergers and acquisitions, totaled 15.8 billion yen ($150 million) last quarter, the lowest in a year, the company said in a statement on Jan. 30. Chief Financial Officer Shigesuke Kashiwagi anticipates investment banking will pick up.
“We expect many equity-related transactions, including some big deals,” Kashiwagi said on a conference call with analysts in January, adding that there is also strong demand for debt sales.
Nomura ranked first in arranging Japanese equity and equity-linked sales in 2013, according to data compiled by Bloomberg.
Salam has been with Nomura since 1999, according to his LinkedIn profile and has also worked for American Express Co.
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