Nomura has hired Mei-yu Shih from Bank of America to run equity sales and trading in Taiwan as Japan’s biggest brokerage overhauls its Asia equities business.
Bloomberg News reports that Shih, who will be based in Taipei, is a 12-year veteran of Bank of America’s Merrill Lynch unit and had led its Taiwan equity sales division since 2008, according to Aaron Pan, a Hong Kong-based spokesman for Nomura.
McCormick, who previously worked as chief strategist at Comac Capital LLP and global leader of macro strategy at Nomura will report to Larry Kantor, head of research at Barclays. The firm also hired Ian Scott as head of equity strategy, Barclays said in a statement.
And Bloomberg reports that Fidelity Worldwide Investment has said that Sanjeev Shah will step down as manager of the $4.4bn Fidelity Special Situations Fund, five years after taking over from Anthony Bolton.
Shah, 43, will be replaced by Alex Wright, the money management firm said in a statement today. Wright will remain manager of Fidelity Special Values and co-manager of the Fidelity U.K. Smaller Companies Fund with Jonathan Winton.
Finally, Bloomberg reports that JPMorgan has said it hired Naohisa Ando, a former managing director at Nomura, as head of its new Japan capital market advisory department to boost its fundraising business.
Ando, 49, who helped lead equity capital markets operations at Nomura Securities Co., joined JPMorgan Securities Japan Co. last week, Yukako Yoshino, a Tokyo-based spokeswoman for the U.S. firm, said in a telephone interview.