Japanese bank Nomura has reportedly appointed a former Lehman Brothers banker as its cohead of fixed income for the Americas. The bank has been increasing its U.S. staff and plans to continue expanding within fixed income.

Nomura named Jeffrey Michaels to serve as cohead of the Americas group, along with former Lehman Brothers banker Charles Spero, according to the Financial News. Michaels was most recently head of trading in North America for Citigroup, which he joined after Lehman.

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