Nomura Holdings Inc.’s top trading executive in the U.S., who stood down from his role in the aftermath of losses linked to Archegos Capital Management, has taken up a senior position at hedge fund Verition Fund Management.
Jonathan Raiff, who was Nomura’s deputy head of global markets until stepping aside in April, will lead fixed income strategies at Verition, according to a statement from co-founder Josh Goldstein. He will oversee strategies for the $4.8 billion Greenwich, Connecticut-based fund including relative-value, rates, currencies and structured products, according to an investor letter seen by Bloomberg.
