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Nomura Trading Veteran Ashley Steps Down for Crypto Role

  • Wholesale boss Ashley to help run Nomura’s digital asset unit
  • Christopher Willcox will replace Ashley as wholesale unit boss
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Steve Ashley, Nomura Holdings Inc.’s head of trading and investment banking, is stepping down to take on a new role at the brokerage’s cryptocurrency business, marking the end of a lengthy tenure that was recently scarred by losses from Archegos Capital Management. 

Christopher Willcox will replace Ashley as head of Nomura’s wholesale division on Oct. 1, Japan’s largest brokerage said in a statement. Willcox joined Nomura last year as co-chief executive officer of its Americas unit when the firm installed fresh leadership following the Archegos collapse. He was previously head of JPMorgan Chase & Co.’s asset-management business and worked at Citigroup Inc. for 15 years.