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Nomura has hired former Citigroup banker Omar Ghalloudi as head of developed markets trading, flow credit for Europe, Middle East and Africa.

Reuters reports that Nomura said in the newly created role Ghalloudi will be tasked with expanding business in developed markets for financials, for corporate credit across investment grade and high yield and distressed. He will have additional responsibility for Greece and Cyprus government bond trading.

In the meantime, UBS is reshuffling the top ranks of its investment bank as the firm seeks to become more nimble and improve its performance in the critical U.S. market.

As part of the restructuring, UBS named Joe Reece, Javier Oficialdegui and David Chin to manage its corporate-client services business in the Americas, Europe and Asia, respectively, according to an internal memo seen by The Wall Street Journal.

Finally, Reuters also reports Wells Fargo on Wednesday named Stratford Shields as managing director and head of public finance, effective immediately.

Shields will oversee a team responsible for originating and structuring capital markets products and services for municipal and nonprofit clients.

Nomura hires Ghalloudi for credit role

UBS Reorganizes Investment-Banking Unit

Wells Fargo names Stratford Shields head of public finance



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