Nomura Holdings Inc. has appointed Steve Ashley as its global fixed income head and Georges Assi as his deputy, according to a memo seen by Wall Street Journal.
Mr. Ashley joined Nomura in May 2010 as global head of rates from the Royal Bank of Scotland, according to the memo.
The appointments follow news recently that Jasjit "Jesse" Bhattal, Nomura's highest-ranking foreign executive and joint deputy president, had resigned as had the head of the global markets division, Tarun Jotwani.
Nomura announced $1.2 billion in cuts to annual costs in November, but analysts said that might not be enough to stabilize profitability.
This story first appeared on WSJ.com.
Write to Alison Tudor at alison.tudor@wsj.com
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