Nomura restructures top of Lehman operations

Nomura has
appointed David Benson chief risk officer and senior managing director as part
of its restructure following its takeover of the Lehman Brothers’ European
operations last month.

Nomura said Benson would be responsible for managing its risk profile
globally; working closely with the banks business heads and regional management
to ensure Nomura’s risk model is complementary to its business strategy, while
safeguarding the company’s strong balance sheet.

In addition,
has handed David Bizer, Lehman Brothers’ former head of fixed-income sales for
Europe, the Middle East and Africa (EMEA), the wider responsibility of both
fixed-income and equities to clients in EMEA. He will also be a member of the
executive committee in the region.

‘David’s appointment is yet another step forward for Nomura,’ Sadeq Sayeed,
chief executive of the acquired businesses for EMEA, said. ‘His efforts will be
crucial for creating positive momentum and driving the success of the firm’s
Global Markets business in the region.’

Further reading:

Nomura deal saves 2,500 Lehman jobs

Related reading