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Nomura Recruits Former Bank Of Singapore Figure For CIO Slot

Editorial Staff

8 July 2021

has appointed former Bank of Singapore senior figure Gareth Nicholson as chief investment officer and head of discretionary portfolio management, based in Singapore. 

In his most recent position, Nicholson was executive director, head of fixed income discretionary portfolio management at Bank of Singapore. Prior to that, he spent 12 years with Aberdeen Standard Investments as its senior portfolio manager. 

Nicholson holds a BSc (financial mathematics) from the University of Johannesburg and data science specialisations from Johns Hopkins University, University of Washington and University of California San Diego, according to a memo seen by this publication. The memo was issued by Akshay Prasad, MD and head of investment products and advisory solutions, International Wealth Management at the Japanese firm. 

Nicholson reports directly to Prasad. 

Nomura intends to build a significant wealth business in Asia. As reported at the start of 2021, it appointed more than 20 private bankers and investment advisors in its international wealth management business. That move followed the appointment of Ravi Raju as head of IWM in September 2020. Nomura said that it is aiming to more than triple assets under management in its IWM arm by March 2025, through an “accelerated expansion” of the client franchise and enhancement of the wealth management product and services platform.