Japan based banking and financial services provider Nomura Holdings recently revealed in announcement that it has on-boarded a new executive to serve as part of its eFX distribution team. As per the announcement, it has hired FX industry veteran Kate Massey to work in its e-FX distribution team focusing on EMEA (Europe, Middle East and Africa) and Americas (All financial markets in North and South America including Latin America and Caribbean regions) market region. In her new role as part of the firm’s e-FX distribution team, Massey will be based out of the firm’s office located in London in order to ensure better and fast access to all the market regions mentioned above. As part of e-FX distribution team, Kate is in charge of developing and promoting the expansion of Noumra’s e-FX distribution platforms in said market regions and will be reporting directly to Ian Daniels – head of e-FX distribution team at Nomura.
Before joining Nomura, she had been serving for nearly five years as a part of EBS Broker Tec, an electronic trading platform and solutions provider as its Regional Liquidity Manager at the time of her resignation. She joined the firm back in April 2015 as part of the firm Liquidity Management team for EBS Direct and was promoted to role of Regional Head of eFX distribution for EBS Direct in June 2015. However, the firm rebranded itself as NEX Markets when NEX Group reorganised and restructured itself in early 2017. NEX Group is now a wholly owned subsidiary of CME group and focused on electronic financial markets and post-trade business for institutional clients (other firms which provide financial services). Alongside her role of Regional Head of distribution for EBS Direct she was also assigned the role of Regional Liquidity Manager in January of 2018 and served in both these roles until her resignation from the firm earlier this month. Prior to NEX EBS, Kate served as Sales executive at EBS’ Non deliverable forward sales team for nearly four and half years.
Kate started her career as Relationship Manager at HiFX in 2006 and served at the firm for nearly five years post graduating with bachelors’ degree in psychology from Nottingham Trent University in 2006. While the announcement made by the firm as published in FX Week website states that she has already started her term at Nomura, her LinkedIn profile is yet to reflect the change of firm. Her appointment at the firm could be considered a strategic move on the firm’s part to ensure success in its growth an expansion activities as it comes at the time when the Japanese financial service provider has been laying-off may of its executives from its European offices lately. The firm was in news lately for its open announcement on plans to lay off its executives from rates and credit trading division who were based out of London based office and working on EMEA market regions. The firm also revealed during the job cut announcement that it is planning to cut costs in its flow business divisions in EMEA region by nearly 50% as part of its cost reduction plan and is also working on terminating its high yield bond trading operations in both EMEA and Americas market regions.