Global investment bank Nomura has named Jai Rajpal as its new senior managing director and global head of foreign exchange. He will be based in London.
Rajpal joined Nomura in 2008 as joint head of fixed income, Asia (excluding-Japan). He was promoted to sole head in March 2010.
He will report to Steve Ashley, senior managing director and global head of fixed income. Ashley said: “We have made tremendous progress in building our global FX business over the past few years."
“With Rajpal's extensive experience across all major FX markets, both in his recent role and in his past career, we look forward to strengthening our competitive position.”
Rajpal’s previous role, head of fixed income, has been given to Rig Karkhanis. Karkhanis, who will continue to be based in Singapore, will report locally to Minoru Shinohara, CEO for Asia (excluding Japan).
Commenting on the appointment, Shinohara said: “Nomura has established a robust and profitable fixed Income business in Asia ex-Japan over the past three years and Karkhanis’s appointment signals our intent to continue the build-out of this platform.”
Karkhanis joined Nomura in 2010, as head of fixed income for Singapore, from Milllenium Partners, where he was a portfolio manager.
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