Nomura has announced a series of moves to drive growth across its wealth management business in Asia, including Japan.

The bank has set up a new wealth management business division within the retail group, integrating the current Japanese and Asian teams.

Juntaro Kimura, currently head of financial management & wealth management at Nomura Securities in Japan, will oversee the new organisation. His new role will be senior managing director and head of wealth management at Nomura Holdings.

All changes are effective July 1, 2014.

“This new structure underscores our commitment to Asia and positions us to further expand our wealth management business in the region,” said Nomura Group chief operating officer Atsushi Yoshikawa.

hubbis.com