Marshall Nicholson has joined Nomura as head of equity capital markets in Asia excluding Japan after resigning from China International Capital Corp (CICC) last year, according to a memo seen by FinanceAsia.
He started work at Nomura last Thursday. The position has been empty since Mark Williams was promoted to head of investment banking in the region in 2012.
He will be based in Hong Kong and will report to Neeraj Hora, Nomura's head of global finance in Asia ex-Japan, according to the memo.
Marshall has spent over 20 years in the investment banking business in both New York and Hong Kong. Since moving to Hong Kong in 2002, he has headed the equity capital markets businesses for Credit Suisse in Asia ex-Japan, Macquarie Securities in Greater China and Bank of China International globally.
"Marshall has demonstrated successful leadership of ECM franchises in the region through building highly profitable and diversified books of business whilst prudently managing the risk environment," the memo said, which was signed by Williams, Hora and Kenji Teshima, co-head of investment banking, Asia ex-Japan.
The contents of the memo were confirmed by Nomura spokesman in Hong Kong Aaron Pan.
Nicholson's last position at CICC was managing director and co-head of international investment banking at CICC. He was with the Chinese bank for two years and resigned in November last year.
He joined CICC from Bank of China International (BOCI), where he was the first senior foreign banker at Bank of China’s investment banking arm. His last position at BOCI was global head of equity capital markets and vice-chairman of investment banking.
Nicholson left Bank of China International (BOCI) after slightly more than five years with the firm. During this time he has played a key role in building a competitive international capital markets platform that has helped numerous Chinese companies raise capital in Hong Kong.
During Nicholson's tenure at BOCI the bank executed 87 ECM transactions in Hong Kong. When he joined in January 2007, BOCI’s most recent placement was a follow-on for Bank of China (Hong Kong) in December 2003.
Nicholson joined BOCI from Macquarie Securities, where he spent 17 months as a managing director, focusing on Greater China ECM. And between July 2002 and January 2005 he was head of ECM for Asia ex-Japan at Credit Suisse. He worked on numerous transactions for Chinese companies while at these two firms, including the IPOs for SinoTrans, China Oilfield Services, SMIC and the $3.5 billion listing of China Life Insurance.
Among the major deals he helped execute at BOCI was the $2.24 billion IPO of Russian aluminium producer Rusal, which in January 2010 became the first non-Asian company to list in Hong Kong.
Prior to arriving in Asia in 2002, Nicholson worked as an investment banker at JP Morgan and Merrill Lynch in New York for 10 years.
