Japanese brokerage and investment bank Nomura has appointed Christopher Willcox as the new president and CEO of Nomura Securities International and Nomura Global Financial Products.
The company has also named Willcox as co-CEO of Nomura Holding America and senior managing director for his respective US capacities.
Willcox was most recently CEO of $2 trillion JP Morgan Asset Management. Prior to that, he was head of global fixed income and liquidity at JP Morgan Asset Management and global head of rates at JP Morgan’s investment bank.
Before joining JP Morgan, Willcox worked with Citigroup, where he held several positions over a 15-year period.
Nomura president and group CEO Kentaro Okuda said: “We are excited to welcome Chris to Nomura’s leadership team in the Americas. Chris’s hiring is part of our continued commitment to grow and strengthen our capabilities in the Americas.
“Chris will play a key role as we continue our strategy of taking Nomura to the next level in delivering sustainable growth, while remaining committed to our mission to enrich society through our expertise in the capital markets.”
Willcox said: “Having worked with Nomura in various capacities, as a counter-party, as a client of Nomura’s wholesale business and having served Nomura’s Retail and Asset Management divisions as major clients in my previous roles, I have greatly enjoyed the interactions and developed great respect for the firm.
“Now as a member of the group, my goal is to continue the focus on building our America’s business so as to deliver excellence to our clients globally. Key to this will be attracting and retaining world-class talent”.
Meanwhile, Nomura has reported a net loss of $1.43bn for the fourth quarter after taking a $2.3bn hit from the collapse of US investment fund Archegos.
It is the firm’s biggest quarterly net loss since the 2008 global financial crisis.