SINGAPORE (Reuters) – Japan Nomura Holdings (NYSE: ) has named Sudhir Nemali as managing director and chief operating officer of its international asset management business, according to an internal memo seen by Reuters on Friday.
Nemali, who has over three decades of experience in wealth management, joins from Deutsche Bank (ETR:), where he was most recently chief operating officer of the German bank’s wealth management and private banking division for the Asia-Pacific, Middle East and Africa and Latin America regions, as well as a member of the board of the Deutsche Bank of Singapore branch, the memo shows.
Nemali will be based in Singapore and report to Aleem Jivraj, Nomura’s chief operating officer for global markets, and Ravi Raj, Nomura’s head of international asset management (IWM), the memo said.
“IWM has grown dramatically over the past four years and as we move into the next phase of our growth, Sudhir will work closely with the IWM management team and our corporate partners to drive all aspects of the build,” Jivraj and Raju said in a memo. .
“This will include developing future strategy and business plans and ensuring that our platform and processes can fully support our ambitions to become a leading player in wealth management in Asia,” they added.
A Nomura spokesperson confirmed the contents of the letter.
