BloombergNomura Holdings Inc plans to hire dozens of private bankers in Hong Kong and Singapore in a bid to extend its wealth management push from Japan and China to the rest of Asia. “Asia has bigger potential for future growth compared to Japan,” Hibino said in an interview in Singapore. Nomura started hiring for the Asia wealth business last year with 10 net additions, Hibino said. Nomura, focused on serving clients worth more than US$20 million, currently manages about US$10 billion in Asia excluding Japan. Outside of Japan, its Asia wealth operation is currently concentrated in Hong Kong and Singapore.

Source: Taipei Times January 20, 2020 15:56 UTC