Nomura hires Citi markets man for top Emea sales role

Japanese bank has been reshaping its global markets business after a strategic review

Wissam Farah will join in September as head of sales for Europe, the Middle East and Africa, according to a person familiar with the matter.

He will take up the responsibilities previously held by Chris Fleming, who joined the bank as global head of rates sales from the Royal Bank of Scotland in 2010 but left earlier this year, one of the people said.

Farah joins from Citigroup, where, according to his LinkedIn profile, he was head of investor sales for central and eastern Europe, the Middle East and Africa as well as head of markets and securities services for the MIddle East and North Africa.

News of his appointment comes days after Nomura moved its north Asia rates head Anant Swarup to London and put him into the newly-created role of head of emerging markets macro for Emea.

Earlier this year Nomura carried out a strategic review of its wholesale business that saw the bank pull out of equities in the region, blaming “extreme” market volatility and a decline in liquidity as it announced a strategic reassessment of its international business.

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