Nomura WM installs CIO office for Asia

Japanese bank Nomura has lured Johnny Heng from Coutts as chief investment officer of its Asia ex-Japan wealth business, unifying its advisory team across Hong Kong and Singapore under one head. Heng started in the newly created role in Singapore yesterday, with responsibility for investment advisory and portfolio management across asset classes. This is the first time Nomura WM has had a CIO office. Its investment advisory team was previously split into two independently functi…