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
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.