Nomura, the global investment bank, has announced the appointment of Rig Karkhanis as Head of Fixed Income, Singapore.
In this newly-created role, Rig will be responsible for further enhancing Nomura's fixed income business in Singapore, which provides the firm's clients in Asia ex-Japan with solutions across foreign exchange, interest rates, credit and commodities.
"Rig's appointment underscores Nomura's dual hub strategy of servicing the fixed income requirements of our clients in Asia ex-Japan out of both Singapore and Hong Kong," said Philip Lynch, Nomura's CEO, Asia ex-Japan and Middle East, commenting on the appointment.
Nomura's Head of Macro Sales in Asia ex-Japan, Samir Bhandari and Global Head of Central Bank & Sovereign Wealth Fund Sales, Henrik Melph are based in Singapore, as are the firm's heads of FX, Rates and Commodities in the region.
"Asian FX and Rates markets present a significant opportunity for our clients, and Rig's experience both on the buy and sell side will allow us to strengthen our existing operations," said Jai Rajpal, Nomura's Head of Fixed Income in Asia ex-Japan, to whom Rig will report.
Mr. Karkhanis joins Nomura from Millennium Partners, Singapore where he was a Portfolio Manager, prior to which he was Head of Rates and Currencies Sales & Trading, Asia Pacific Rim at Merrill Lynch. Before that Rig spent 10 years at Deutsche Bank in Europe and Asia in various FX options trading roles.
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