Citi exec Peter Meurer goes to Nomura
Japanese-owned financial services group Nomura has added Citi Australia vice chairman Peter Meurer to its ranks.
Meurer will take on the role of chairman of investment banking in Australia as Nomura continues its expansion into Australia.
Glenn Schiffman, Nomura Asia head of investment banking, said Australia continues to be one of its most important growth areas.
“Nomura in Asia considerably strengthened its investment banking team last year with the acquisition of Lehman Brothers’ Asia franchise,” he said.
Schiffman also said Meurer’s appointment would “solidify” its efforts to “fully capitalise on the opportunities” in Australia.
Nomura has been in the process of boosting its existing Australian banking team as it eyes growth opportunities outside of Asia.
Meurer has more than 30 years’ experience in the finance industry, including time as vice chairman and managing director of corporate banking at Merrill Lynch.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
