Japanese investment bank Nomura has appointed Benoit Savoret, former Lehman Brothers COO, EMEA, as joint head of global equities.
In his new role, he will report to Tarun Jotwani, newly appointed executive vice president and head of global markets.
Savoret has more than two decades of industry experience, including 11 years at Lehman Brothers, where he also served as head of European equities and prior to that head of Asia-Pacific equities.
Rachid Bouzouba, who has played a significant role in the integration and growth of Nomura’s equities franchise in the position of joint head of global equities, is discussing alternative roles with Nomura.
The selection builds on the firm's ongoing expansion of equities operations outside Japan. Nomura appointed Samir Patel and Chris Valli in its US equities operation in October 2010, as well as two US cash equities heads. In addition, the company opened a new equities trading floor in New York and initiated its US cash equities operation, earlier the same month.