Nomura Holdings is set to hire over 40 private bankers across Asia and the Middle East within the next two years to access the growing number of wealthy families and entrepreneurs in these regions. Ravi Raju, head of Nomura's wealth management outside Japan, announced the plan, aiming to double the business and increase assets under its international wealth management to USD35 billion by March 2025. The move is part of Nomura's goal to enhance revenue stability and decrease vulnerability to market fluctuations. Currently employing 91 private bankers in Singapore, Hong Kong, and Dubai, Nomura's expansion is aimed at offering a wide range of investment products and services to high net-worth individuals.
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