Nomura, the Japanese multinational banking giant has recently made an addition to its senior level management team as revealed by changes made to the incoming executive’s LinkedIn profile. The move was first made public via the executive’s LinkedIn page according to which, Mr. Mohamed Hassan – a banking and forex sector veteran with nearly 13 years of experience has joined the firm’s board of directors. As per informational in his LinkedIn profile, Mr. Hassan’s official title is Executive Director of Hedge Fund and Forex Sales. In his new role as Executive director, Mr. Hassan is responsible for overseeing forex derivative executions and providing advisory service and generating new ideas for the firm’s hedge fund audience. Hassan began his term as Executive Director for the Japanese banking giant back in October of this year and is based out of the bank’s London office.
Prior to taking up his new role at Nomura, Mohammed spent nearly five and a half years as part of Mirexa Capital, a subsidiary of London Stock Exchange listed broker. Mirexa Capital is known in market as financial market intermediary which provides liquidity serve to global institutional client base. He joined the firm in July of 2014 when he co-founded Mirexa’s FX business aimed at providing multi-asset liquidity to institutional client base via forex execution and sales desk. He joined the firm in its London office, but moved to firm’s office in New York when he was promoted to role of head of FX business for Americas market region. As head of FX Americas at Mirexa, he oversaw the management of his division and helped improve FX institutional sales business by acquiring buy side community to facilitate execution while offering anonymity, trade idea generation and liquidity to ensure that the firm’s annual budget of US$10 Million is allocated correctly.
Before his term at Mirexa Capital, he served at UK based multinational banking service provider for eight years where he began his career in financial service industry. He joined the firm back in September of 2005 as an Associate at the bank’s European Corporate Sales team and climbed all the way the corporate ladder to reach senior level management role. During his term with the bank he was promoted twice, first to the role of Associate Director for the bank’s Singapore Corporate Sales Team and then to the role of Director for Investor sales for Americas region. It should be noted that Hassan’s appointment at the Nomura comes at a time when it its going through a major cost cutting and restructuring program to save up to US$ 1 Billion per annum from its wholesale business. The firm also has plans to shut down more than 30 of its 156 domestic retail branches as part of the restricting program. Earlier this year, the bank announced plans to fire nearly 100 employees from its troubled European division with comments hinting further job cuts for EMEA region was in the cards to reduce cost in the region by 50%.
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