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City of London

Nomura Hires Ten Traders to Build Out FX-Focused Macro Desks

  • Japanese bank hires four from Citi to boost currency desks
  • Roles will be based in London, New York and Singapore

Nomura Holdings Inc. has hired four traders from Citigroup Inc., and six others from elsewhere, as it rebuilds its macro desks globally with a focus on foreign exchange.

Dipak Shah, Sidi Mohamed Saaf, Matthew Rupsis and Christopher Torrington have recently joined Nomura from Citigroup in a variety of roles to help the Japanese lender boost its forward and options forex trading desks in London, New York and Singapore, according to people with knowledge of the matter. Shah will be European head of foreign exchange options trading based in London, the people said.