Japanese investment bank Nomura has appointed Pascal Bandelier and Paul Sangimino as co-heads of US cash equities, as part of an ongoing drive to expand its US presence. Both joined the firm this summer and have been focused on building the firm's trading and sales trading capabilities for institutional clients.
Pascal Bandelier, who will run cash equities trading and trade the technology sector, will be based in New York with responsibility for market making in all US common stocks, risk management and the customer-facing team of sector specialists. Prior to joining Nomura, Bandelier worked for Barclays Capital, where he oversaw trading for technology, media and telecommunications stocks.
Paul Sangimino, also based in New York, will manage cash equities sales trading and cover institutional investors. Sangimino joins Nomura from Citigroup, where he was head of US cash equity trading. He previously worked at Lehman Brothers' equities trading desk.
“Pascal and Paul have brought together an outstanding team of traders, sales traders and desk analysts to build a strong Americas business that will complement our leading global cash equities team, as well as our powerful derivatives, convertibles, programs, prime, electronic and international desks in the US,” said Ciaran O'Kelly, senior managing director and head of equities, Americas at Nomura.
Since 2009, Nomura has been expanding its US presence through new hires. The firm has built up its US programs, electronic, convertibles and derivatives business, and hired a new head of international trading in the Americas in August 2010 in an effort to firm up its product capabilities in the region.