Nomura has hired over 20 private bankers and investment advisers in its international wealth management business as it expands its capabilities to serve high-net-worth (HNW) clients.

The new hires in Hong Kong and Singapore followed the integration of international wealth management into the firm’s wholesale business, and the appointment of Ravi Raju as head of international wealth management in September 2020.

“Our ability to attract top talent from the industry is an acknowledgement by the market that we are serious about our ambitions to build a leading wealth management business and are well-positioned as a platform of choice for aspiring relationship managers in the region. The initial focus of the recruitment drive has been to strengthen our presence across Greater China, Southeast Asia and the Global South Asia market,” Raju says.

Nomura aims to more than triple assets under management in its international wealth management business by March 2025, through an accelerated expansion of the client franchise and enhancement of the wealth management product and services platform.