Nomura has named a new head of wealth management for Singapore, the latest development in the Japanese bank’s overhaul of its organisational structure.

Nomura has named a new head of wealth management for Singapore, the latest development in the Japanese bank’s overhaul of its senior ranks.

Nobuhiro Sano started as managing director and head of wealth management Singapore, on April 1. He replaced Tsukasa Miyachi, who resurfaced last week at Barclays, reported here.

Sano was transferred from Shanghai, where he was chief representative of the bank’s Shanghai office. He reports to Koki Miura, head of Asia-ex Japan.

Koki Miura relocated to Singapore from Tokyo in November 2010 as senior managing director, supervising Nomura's wealth management and retail business in Asia ex-Japan.‬

In August 2011 he took over the position of head of wealth management in Asia ex-Japan from Miyachi to streamline the organizational structure.‬ Nomura’s co-heads of wealth management in Hong Kong are Harrison Ho and Shin Asano.

Last month Nomura scooped products guru Bill Tsang from Deutsche Bank Private Wealth Management as head of products, Asia ex-Japan, as it bids to grow its product platform in the region.

A slew of senior appointments and an overhaul of the bank's organisational structure were announced in February, and came into force on 1 April 2012. These were aimed at enhancing the Asia franchise.

Koji Nagai, currently deputy president and co-COO of Nomura Securities, took over as president of Nomura Securities, and Hitoshi Tada, retail CEO and deputy president and co-COO of Nomura Securities, became chairman of Nomura Securities. Former retail COO Eiji Kutsukake took over as retail CEO.

The appointments mean that group CEO Kenichi Watanabe and group COO Takumi Shibata can focus solely on building up the functions of Nomura Holdings to further drive cross-regional management and cross-divisional collaboration, said the bank in a statement at the time.

Nomura also announced the establishment of a China committee, India office, and ASEAN office within Nomura Holdings.

The China committee is now chaired by Noriyasu Yoshizawa, currently a director of Nomura Securities. The India office is headed by Takaaki Naito, head of asset finance. Yoshinori Go maintains his position as vice chairman of Nomura Asia holding while also heading up the ASEAN Office.