Nomura combines equity financing, delta 1

Nomura combines equity financing, delta 1

Nomura has combined its equity financing and delta 1 businesses, Global Investor/ISF has exclusively learned.

The combined businesses will be led globally by Ben Challice, and regionally by the regional head of equity trading.

Challice, who is now global head of equity financing and delta one, said: “Combining Delta 1 and Equity Financing will allow for a more comprehensive financing and execution solutions-based offering for clients.

"This combination means we can offer consolidated two-way cash and asset financing, encompassing multiple products, allowing us to further optimise inventory and improve financial resource allocation to clients.”

Challice previously headed up global equity financing and is also a managing director (MD).

Nomura has also announced a Japan-focused prime brokerage sales effort to capitalise on the core strength of the franchise. Outside of Japan, the prime brokerage platform will continue to support the related opportunities associated with delta 1, equity financing and Instinet/Nomura execution, said a spokesperson for the bank.

The bank has also hired an equity financing MD in New York.

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