Jotwani follows Bhattal in Nomura promotion

Nomura has promoted Tarun Jotwani to head of global markets, responsible for both fixed income and equities, just one day after Jesse Bhattal got his own promotion to CEO of Nomura’s wholesale division.

Jotwani had been doing a good job of running the global fixed-income business, so giving him responsibility for equities as well is recognition of his achievements, said a source close to the situation. Jotwani now ranks as an executive vice-president at the Japanese bank.

Jotwani has been on a fast track at Nomura since it took over Lehman Brothers in October 2008. At that time Jotwani was chairman and chief executive officer of Lehman...