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Nomura combines equity financing, delta 1
07 April 2014
Ben Challice to oversee the combined division. Stephanie Baxter reports
Nomura has combined its equity financing and delta 1
businesses, Global Investor/ISF has exclusively
The combined businesses will be led globally by Ben Challice,
and regionally by the regional head of equity trading.
Challice, who is now global head of equity financing and delta
one, said: "Combining Delta 1 and Equity Financing will allow
for a more comprehensive financing and execution
solutions-based offering for clients.
"This combination means we can offer consolidated two-way cash
and asset financing, encompassing multiple products, allowing
us to further optimise inventory and improve financial resource
allocation to clients."
Challice previously headed up global equity financing and is
also a managing director (MD).
Nomura has also announced a Japan-focused prime brokerage
sales effort to capitalise on the core strength of the
franchise. Outside of Japan, the prime brokerage platform will
continue to support the related opportunities associated with
delta 1, equity financing and Instinet/Nomura execution, said a
spokesperson for the bank.
The bank has also
hired an equity financing MD in New York.