Japanese investment bank Nomura has expanded its Middle East and Africa fixed-income team with four new appointments.
Ramin Shayesteh will head Nomura's Middle East and Africa sales for financial institutions and sovereign wealth funds and Kevin Cummings will spearhead the firm's structured solutions group for the region. Bashar Al Damiri and Amin Kirdar will provide support from Dubai.
Shayesteh, who joins as managing director, was previously at Barclays Capital where he was head of Middle East and Africa sales, with 12 years' experience. He will be based in London.
Cummings joins as executive director and will manage Nomura's structured solutions distribution business and coordinate its sovereign wealth fund distribution business into the Middle East and Africa. Cummings has over eight years of experience in the Middle East, having spent five years with Barclays Capital in Dubai and London, where he was responsible for the Dubai-based cross-product distribution business. In his new role, he will be based in Dubai.
“We see significant opportunities to help our clients grasp the increasing business flows between the Middle East and beyond,” said Philip Lynch, CEO, Asia ex-Japan and Middle East, Nomura. “These hires further strengthen our capability to service their diverse fixed income needs and demonstrate our long-term commitment to the region.”
Nomura has been expanding its operations globally during 2010, having built out its US presence through new hires and business lines.