Global investment bank Nomura has appointed John Adair and Paul Dolan as joint heads of equities, Asia Pacific.
Adair was previously Nomura's co-head of equity sales, Asia Pacific and Dolan most recently held the position of global head of convertible bonds at the bank.
Adair joined Nomura in October 2008 from Lehman Brothers. Prior to this he was head of pan-Asian execution services at broker Goldman Sachs and head of Asian equities sales trading with investment bank Warburg Dillon Read in Hong Kong.
Dolan has headed up the global convertible bonds team at Nomura since October 2003. He was previously head of convertible bonds at Dutch bank ING and prior to this, head of trading at investment and technology firm DE Shaw Securities.
“With their extensive experience in Asia, coupled with deep industry experience, we are confident that Paul and John will build on the strength of the equities platform in Asia Pacific,” said Phillip Lynch, Nomura CEO, Asia ex-Japan and Middle East.
Nomura has been building up its global equities franchise over the last six
months. In October 2010 the firm appointed Samir Patel and Chris Valli in its US equities operation, as well as two US cash equities heads. In addition, Nomura opened a new equities trading floor in New York and initiated its US cash equities operation earlier the same month.
More recently Norikazu Akedo, head of trading, equities, Japan, Samuel Ruiz, joint head of equities, EMEA, and Benoit Savoret, who was named joint head of global equities in March, were appointed to be senior managing directors along with nine other executives.