Veteran to extend expertise to global markets
Indian-origin Ravi Raju has been given the responsibility to expand Nomura’s Wealth Management business in Asia ex-Japan as the firm taps into the growing ranks of wealthy individuals in the region.
Announcing Raju’s appointment as head of International Wealth Management Nomura, Asia’s global investment bank, said he will work closely with the bank’s Global Markets and Investment Banking businesses to develop best-in-class product offerings.
He will also drive a unified solutions-led coverage effort, especially for entrepreneurs, family offices and external asset managers.
From April 2020, Nomura’s Wealth Management business in Asia ex-Japan has been aligned under the Wholesale division.
“Under this new structure, Global Markets, Investment Banking and Wealth Management in Asia ex-Japan are combining their collective strengths to offer world-class investment products and solutions to clients,” Steve Ashley, Nomura’s Head of Wholesale, said in a release on Thursday.
“We are already a top wealth manager in Japan, and Ravi coming on board will enable us to capture a share of the growing wealth pool in the rest of Asia.”
Raju will report to Rig Karkhanis, Deputy Head of Global Markets and Head of Global Markets, Asia ex-Japan, with an additional reporting line into Ashley.
“Raju joining us will be transformational. His decades of experience across global platforms integrating the best of markets and investment banking for high-net-worth clients will be invaluable as he builds the business for us in Asia and extends that expertise to other global wealth management centers subsequently,” said Karkhanis.
“I am excited to be joining Nomura when Wealth Management in Asia has been identified by the firm as a growth priority, and to offer high-net-worth clients the same level of solutions at par with institutional clients whom Nomura has served well for decades,” said Raju, a naturalized Singaporean.
Raju has nearly three decades of experience in financial markets. Until recently, he was Head of Ultra High Net Worth and Global Family Office in the Asia Pacific at UBS.
Prior to that, he was with Deutsche Bank for ten years based in Singapore and Hong Kong as Head of Wealth Management, Asia Pacific, leading its growth into a top private bank in the region. Raju started his career with Citibank where he held several senior roles in the Asia Pacific and the Middle East. #bank #investment #wealth #markets /fiinews.com
