Steve Ashley to head combined rates and FX at Nomura

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Steve Ashley, global head of rates at Nomura, will relocate from Tokyo to London early next month to head up ‘global macro products’, a new business that will encompass both rates and FX. He will continue to report to Tarun Jotwani, head of global capital markets.

“This platform will be a cornerstone of our global fixed-income franchise, realising synergies and pooling our strengths across our FX and rates businesses, and delivering a powerful macro offering to our clients. Consolidating these

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