Nomura’s Hong Kong office has hired a group of senior equity derivatives traders from Bank of America Merrill Lynch (BAML).
According to an internal memo, whose contents have been confirmed by a Nomura spokesperson, Yasuhiro Fujiwara has hired key members of his former team at BAML.
Fujiwara is Nomura’s new head of equities Asia ex-Japan and head of equity derivatives trading Asia Pacific. He joined the firm earlier this year.
Nomura said in the memo that, on the trading side, it now intends to integrate risk across the equities platform.
The new team will be in charge of Nomura’s Asian equity derivatives trading business.
Ajay Gupta is joining as head of client trading for Asia ex-Japan at the end of August. He will be based in Hong Kong and report to Fujiwara. He has more than twenty years experience with BAML and UBS. Most recently he was head of equity linked trading Pacific Rim at BAML, and was responsible for equity derivatives and convertible bond products.
Also joining from BAML and reporting to Gupta are Laurent Poirot, head of flow index and delta one and Vincent Yam, head of Greater China trading. He will manage flow options, warrants and Hong Kong/China cash trading.