Nomura's current executive chairman for EMEA, Yasuo Kashiwagi, has been named co-head of global markets. He will return to Tokyo and work alongside the head of global markets, Steve Ashley, to drive client businesses and boost cross-regional collaboration. 

Minoru Shinohara, the current chief executive for Asia (excluding Japan), will move to London to take the reins from Kashiwagi as executive chairman for EMEA. In his new role, Shinohara will help to enhance the firm’s cross-border business.

Lastly, Toshiyasu Iiyama has been appointed as Shinohara's successor. Bringing experience in investment banking and fixed income, Iiyama will focus on the growth of Nomura’s franchise in Asia ex-Japan.

“These senior management appointments will further strengthen our businesses across divisions and regions,” said Nomura’s president and group chief operating officer, Atsushi Yoshikawa.

“We have a strong global management team who are well placed to connect markets east and west for the benefits of our clients.”

The reshuffle follows the group's recent appointment of Jonathan Lewis as chief executive for Europe, Middle East and Africa. 

Over the last year, Nomura has been busy making moves to drive its wealth management business across Asia. In June, it established a new division to integrate its Japan wealth management business within the Asia wealth management group.