Nomura adds product specialist to wealth unit

Japanese bank Nomura has appointed a new head of financial products and solutions for its wealth management division covering Asia ex-Japan.

Lee Chee Pin joined from boutique fund management firm Island Asset Management, where he hd served as chief executive.

Based in Singapore, Lee will oversee all trading and dealing functions across the wealth management business of Nomura in the region, reporting to Nobuhiro Sano, head of wealth management, Asia ex-Japan.

He will also be responsible for developing closer collaboration with Nomura’s global markets business as it aims to provide products and capabilities reserved for its institutional clients to wealth management clients.

Lee started his career as a foreign exchange trader at Chemical Bank before joining Bank of America, where his last role was as head of global foreign exchange for Asia. He has also previously worked at Guoco Management as head of group treasury and at Millennium Capital Management as a forex portfolio manager.

Nomura has been boltstering its wealth management team and capabilities since it created a dedicated wealth management division in June 2014 to grow this segment. It combined its Japan and Asia wealth management platforms to gain better synergies and product delivery for clients.

Since then it has embarked on several high-level recruitments for the team. In January this year, it hired Amanda Chen as deputy CEO for Asia ex-Japan from Morgan Stanley Wealth Management, where she had worked as head of strategic transaction group.

And last month Nomura recruited Harry Ng to take up a dual role as head of Nomura Trust Company (Singapore) and head of wealth planning strategy and solutions Asia ex-Japan, as reported. Both report to Nobuhiro Sano.