Nomura Holdings Inc. is ramping up its global wealth management operations, targeting an expansion of its wealth assets outside Japan to USD35bn by next year—a 46% increase from the current USD24bn. The Japanese financial giant plans to bolster its teams in Dubai, Hong Kong and Singapore, key hubs in its strategy. According to Ravi Raju, head of Nomura’s International Wealth Management, the bank will add three to four relationship managers in Dubai, increasing its team there to around 14 by year-end. Additionally, over the next two years, Nomura intends to hire 30 to 35 bankers, distributing them equally between Hong Kong and Singapore, where it currently employs about 50 and 40 bankers respectively.