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.

Strengthening Nomura's Research Arm

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.