Nomura Plans Expansion of Australian Fixed-Income Team in 2011

Nomura Holdings Inc., Japan’s largest brokerage, will next year expand its fixed-income team for Australia as demand for the region’s assets grows with Asia leading the global economic recovery.

Nomura, which increased its workforce worldwide by almost 50 percent in two years, plans to add people in Sydney, London and New York to its team covering interest rates, credit and currencies, said James Land, head of fixed income for Australia, in an interview in Sydney. That will help the brokerage add inflation and volatility products to its rates business, create a global book for Australian and New Zealand products and expand its foreign-exchange sales and trading teams, he said.