NEW YORK, Sept. 19, 2011 /PRNewswire/ -- Nomura, the global investment bank, is pleased to announce that it has hired Lewis Alexander as Managing Director and US Chief Economist.
Alexander was most recently at the US Treasury Department, where he was counselor to the Secretary of the Treasury. Previously he was chief economist with Citibank and earlier worked as a senior economist at the Board of Governors of the Federal Reserve and at the US Department of Commerce.
Alexander will be based in New York, leading a team of five economists covering the US. His appointment underscores the importance of the region to Nomura's global business and its commitment to provide world class research to its clients. He will report jointly to Jens Nordvig, Head of Americas Fixed Income Research and Paul Sheard, Global Chief Economist.
"We are confident that Lewis will contribute significantly in enhancing our fixed income research platform both in the Americas and globally," said Jens Nordvig, Head of Americas Fixed Income Research. "Our goal in research remains clear: to effectively deploy cross-asset expertise and provide first-rate analysis, which is ahead of the market and relevant for today's modern investor."
"The depth and breadth of Lewis' experience will provide our clients with keen insights during a period of unusual uncertainty and at a time when public policy has become increasingly important to the economy," said Paul Sheard, Global Chief Economist.
David Resler will continue to be a valued resource, both in constructing an enviable forecasting track record and in helping to shape the US research call. David's 25 years of experience at Nomura combined with his new role as Chief Economic Advisor will allow the firm to further enhance its strong economics franchise.
Nomura's highly-ranked global economics research team currently comprises over 30 economists covering Asia, Europe, Japan, Latin America and North America. Clients recognize the team's flagship Global Weekly Economic Monitor, its forecasting accuracy and its commitment to leveraging its unique insights into Japanese and Asian economic, policy and market developments.
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs approximately 27,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, asset management, and wholesale (global markets and investment banking). Nomura's subsidiaries in the US include Nomura Securities International, Inc. (a member of SIPC) and Nomura Corporate Research and Asset Management Inc. For Further information about Nomura, please visit www.nomura.com