Nomura, in common with investment banks around the world, has struggled with yo-yoing stock and bond prices, poor merger prospects and tightening regulation in the wake of the global financial crisis.
In 2011, finance, insurance, and law were the three primarily white-collar professions that managed to shed workers, even as the rest of the economy trudged forward through a slow recovery.
LLB also said it was creating the new position of chief financial officer, which would be filled by Christoph Reich, head of group finance and risk since November 2010.
Jim Roberts, 60, has more than 30 years' experience in the financial services industry and brings with him extensive expertise in the retail investment market.
A news conference has been set for 1415 GMT (10.15pm Singapore time), where Mr Hildebrand will make public 'certain documents,' the Swiss National Bank said in a statement.
First Republic Private Wealth Management provides customized wealth management solutions, including trust, investment management and brokerage services, to high net worth individuals and families, foundations, and endowments. First Republic Private Wealth
His role will be to work with senior UBS management in Asia to provide guidance and analysis on policy, regulatory and political trends in the region that will affect the bank’s decisions across Asia-Pacific.
The nationalist Swiss People’s Party, which won more than a quarter of the vote in last year’s election, said Hildebrand was “no longer tenable” as president of the central bank. The demands came a day after the 48-year-old banker
Lewis estimates he has been involved in the transition of roughly 400 Merrill advisers to other firms in the past 15 years, and said more are leaving, forgoing the last of the retention payouts.
In his new role, he will oversee the trust services and investment management groups as well as the bank’s wholly owned registered investment advisers, Morton Capital Management and R.E. Wacker Associates.