Nomura has hired Henrik Melph from Royal Bank of Scotland as part of an effort to win more business from central banks and sovereign wealth funds.
Melph, who will assume the role of global head of central bank and sovereign wealth fund sales, is well-placed to target this client base, having worked in a similar role at RBS for the past five years and at UBS before that, selling liquid products to central banks.
The two client groups are often closely linked. Sovereign wealth funds, such as China’s CIC, help countries with vast trade imbalances to diversify their foreign reserves away from the central bank’s usual mix of US Treasuries, Japanese government...
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