Citi exec Peter Meurer goes to Nomura
Japanese-owned financial services group Nomura has added Citi Australia vice chairman Peter Meurer to its ranks.
Meurer will take on the role of chairman of investment banking in Australia as Nomura continues its expansion into Australia.
Glenn Schiffman, Nomura Asia head of investment banking, said Australia continues to be one of its most important growth areas.
“Nomura in Asia considerably strengthened its investment banking team last year with the acquisition of Lehman Brothers’ Asia franchise,” he said.
Schiffman also said Meurer’s appointment would “solidify” its efforts to “fully capitalise on the opportunities” in Australia.
Nomura has been in the process of boosting its existing Australian banking team as it eyes growth opportunities outside of Asia.
Meurer has more than 30 years’ experience in the finance industry, including time as vice chairman and managing director of corporate banking at Merrill Lynch.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.