Nomura has appointed Dr David Seif as the Chief Economist
for Developed Markets. Seif has extensive experience in macro research, having worked for major hedge funds for more than 15 years.
According to the press
release, Dr Seif will be based in New York and directly report to Rob
Subbaraman, the Head of Global Macro Research, and Paul Nikodem, the Head of US
Fixed Income Research.
Darren Shames, the Head of Global Markets America
Sales and Co-Head of G10 Global Rates Sales mentioned: “We are excited to
have David join the Nomura research platform as we continue to enhance and
expand our fixed income macro offering to clients globally.”
“As our economic platform relies heavily on
strong fundamental views along with unique perspectives on positioning, we are
confident that the breadth and depth of David’s expertise will be complementary
to our economics offering while allowing us to develop valuable insights that
will be relevant for all client types.”
Before joining Nomura, Seif was the Chief of Global Economics at Brevan Howard Asset Management and a Senior Economist at Point72 Asset Management and Paulson & Co.
His academic credentials include a Ph.D. and MA in Economics from Harvard University and a BS in Economics from the Massachusetts Institute of Technology.
More Executive Appointments
Last month, Nomura appointed Hemish Shah, a seasoned
executive from Deutsche Bank, as the new Head of EMEA Flow Rates. Shah has over
15 years of experience, particularly as the former Head of EGBs, Bond
Derivatives, and Euro Inflation Trading at Deutsche Bank.
Nomura’s recent expansion initiatives coincided with a positive performance in the third quarter of the fiscal year ending March 2024. The firm reported a surge in net revenue, reaching 400.2 billion yen ($2.8 billion) and a notable increase of 39% in pre-tax income
compared to the preceding quarter.
Despite a slight annual dip in pre-tax income,
Nomura’s total net revenue and pre-tax income experienced quarter-over-quarter
growth, highlighting the firm’s resilient performance amidst the fluctuating
financial landscape.
Nomura has appointed Dr David Seif as the Chief Economist
for Developed Markets. Seif has extensive experience in macro research, having worked for major hedge funds for more than 15 years.
According to the press
release, Dr Seif will be based in New York and directly report to Rob
Subbaraman, the Head of Global Macro Research, and Paul Nikodem, the Head of US
Fixed Income Research.
Darren Shames, the Head of Global Markets America
Sales and Co-Head of G10 Global Rates Sales mentioned: “We are excited to
have David join the Nomura research platform as we continue to enhance and
expand our fixed income macro offering to clients globally.”
“As our economic platform relies heavily on
strong fundamental views along with unique perspectives on positioning, we are
confident that the breadth and depth of David’s expertise will be complementary
to our economics offering while allowing us to develop valuable insights that
will be relevant for all client types.”
Before joining Nomura, Seif was the Chief of Global Economics at Brevan Howard Asset Management and a Senior Economist at Point72 Asset Management and Paulson & Co.
His academic credentials include a Ph.D. and MA in Economics from Harvard University and a BS in Economics from the Massachusetts Institute of Technology.
More Executive Appointments
Last month, Nomura appointed Hemish Shah, a seasoned
executive from Deutsche Bank, as the new Head of EMEA Flow Rates. Shah has over
15 years of experience, particularly as the former Head of EGBs, Bond
Derivatives, and Euro Inflation Trading at Deutsche Bank.
Nomura’s recent expansion initiatives coincided with a positive performance in the third quarter of the fiscal year ending March 2024. The firm reported a surge in net revenue, reaching 400.2 billion yen ($2.8 billion) and a notable increase of 39% in pre-tax income
compared to the preceding quarter.
Despite a slight annual dip in pre-tax income,
Nomura’s total net revenue and pre-tax income experienced quarter-over-quarter
growth, highlighting the firm’s resilient performance amidst the fluctuating
financial landscape.
