Based in London, Sandoz will report to Steve Ashley, Head of Global Markets, and Naoki Matsuba, co-Head of Global Markets.
The global Execution Services business comprises Equity Execution Services including Instinet, Prime Services, Electronic Trading, Futures and Options and OTC Clearing.
Ashley said: 'Todd brings a wealth of expertise and market insight to our Global Markets franchise. He will play a crucial leadership role in harnessing our strengths across our Equity business, building on our core strengths of client focus and disciplined risk management, as well as maximising our presence at the centre of East-West flows.
'Furthermore, as Global Head of Execution Services, Todd will ensure that we provide our clients with seamless execution and a truly cross-asset offering'.
Sandoz joins Nomura from Credit Suisse, where he spent 17 years. Most recently, he was Head of Global Foreign Exchange and Short-Term Interest Rates Trading in London. Prior to that, he held a number of senior positions in Equities, including Co-Head of Americas Equities, Global Head of Cash Equity Trading and Execution, and Head of Equity Derivatives and Equity Trading, Asia Pacific. Sandoz started his career as a Convertible Bond Trader at Citadel in 1993.
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