Tokyo-based Nomura named two former Lehman executives as leaders of its fixed income in the Americas unit, the financial group said today. Charles Spero and Jeffrey Michaels have been named managing directors and joint heads of fixed income for the Americas.
Nomura had previously announced Spero and Michael’s appointments (LFN, Sept. 30, 2009). Spero was most recently a trading executive at Barclays Capital. He is a 12-year veteran of Lehman Brothers, and had served as head of securitized products for the Americas. Michaels was most recently head of rates trading in North America for Citigroup. He is an eight-year veteran of Lehman, and was named head of U.S. rates trading in 2006. Prior to Lehman, he was head of U.S. volatility trading and ran the options trading desk at JPMorgan.
Nomura’s fixed income for the America’s team has a staff of 180 and expects to reach 200 staff members by March 2010. It has hired 28 managing directors in fixed income in the Americas since January.
The firm has been on an aggressive hiring streak that has netted other Lehman veterans. In August Nomura hired three former Lehman Brothers executives, Peter Hornick, Arang Varadhachary and Jock Jones, for its fixed income group in New York (LFN, Aug. 31, 2009). In July, Head of Global Fixed Income Tarun Jotwani said that Nomura has been actively building the global group as it moves to become a larger investment bank. Nomura announced in July that it was designated as a primary dealer by the Federal Reserve Bank of New York.
