Nomura has handed out some new titles and re-jigged the organisation chart in its fixed-income division, partly in response to last Friday’s departure of Mark Leahy.
According to an internal memo, several units from the Asia ex-Japan investment banking and fixed income businesses will be brought together into two main streams: debt origination and risk solutions, which Nomura says will enable it to “more efficiently offer clients products across the full debt financing spectrum”.
Djamal Attamimi will head the debt origination stream while Chris Chan becomes head of risk solutions and treasury services. Both report to the regional head of global finance, Daniel Mamadou.
Working across Asia ex-Japan, Attamimi’s team will combine the traditional debt capital markets business with the financing capabilities of the corporate solutions and financing group. Clayton Carol will report into him as head of debt capital markets for the region, and will also assume a new role in the leadership of debt syndicate.
In an expanded role, Chan will lead an integrated team to provide a single delivery mechanism for debt solutions.
“As part of the restructuring, Mark Leahy will leave the firm to pursue other interests,” said the memo, which was signed by Nomura’s senior management for Asia ex-Japan: Mark Williams, head of investment banking, Rig Karkhanis, head of fixed income, and Mamadou. “We thank Mark for his strong contribution to the growth of our DCM business in AEJ and wish him well in his future endeavours.”
In a separate move, UBS has hired Nomura’s Shaun Treacy as co-head of its all-industries group in Asia. He will focus on natural resources, leveraging his strong relationships in the global metals and mining industry.
His recent experience includes working on Xstrata’s $90 billion proposed merger with Glencore, ONGC’s $2.5 billion equity raising, First Quantum’s $1.3 billion CB inducement offer, Rusal’s IPO and Chinalco’s $14 billion acquisition of a stake in Rio Tinto.
At Nomura, Treacy was global co-head of natural resources and chairman of corporate finance for Asia-Pacific ex-Japan, having relocated to Hong Kong in January 2011. He joined Nomura in 2008 after the acquisition of Lehman Brothers, where he was global head of metals and mining, based in London. He has also worked for J.P. Morgan in Melbourne and London.
UBS said that Steven Drake has been appointed as the other co-head of the all-industries group alongside Treacy. He will continue to focus on chemicals and diversified industrials.
Nomura has no immediate replacement for Treacy at the moment, according to a source. His New York-based co-head for natural resources, Michael Hill, will assume responsibilities for now.
Treacy will start in January 2013 after a spell of gardening leave and will report to Matt Hanning.
