Nomura appoints new global head of FX

Jai Rajpal, Nomura

Nomura has appointed Jai Rajpal as senior managing director and global head of foreign exchange, the Japanese bank announced today.

Based in London, Rajpal will report locally to Steve Ashley, senior managing director and global head of fixed income. Rajpal joined Nomura in 2008 as joint head of fixed income for Asia ex-Japan and was promoted to sole head in March 2010, relocating at that point from Hong Kong to Singapore.

“Under Jai’s leadership, Nomura has established a robust and profitable

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