Finance
Nomura Is Hiring Wealth Managers After Years of Staff Overhaul
- ‘We have made very good progress,’ division head Sugiyama says
- Keen to hire, open to acquisitions to expand wealth operations
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Nomura Holdings Inc.’s wealth management business is on a growth path after a multi-year overhaul that saw its thousands of retail bankers shift away from catering to the masses of Japanese investors toward the well-to-do.
The division that generates a quarter of revenue at Japan’s biggest brokerage is past an era of reducing staff and is now keen to recruit mid-career talent, said Go Sugiyama, head of wealth management. He is also open to the possibility of buying other companies to expand.