Ben Challice leaves Nomura
12 November 2015 London
Image: Shutterstock
Ben Challice has decided to leave Nomura after the bank moved to simplify the management structure of its prime brokerage business.
Challice, who has been at the Japanese bank for just over seven years, was managing director and head of prime finance in London.
He left his position after Nomura conducted a review of its overall equities business.
Following the review, Nomura’s prime brokerage platform will be consolidated under leadership in Japan to align management with the hub of the bank’s global franchise.
The global prime finance business will remain unchanged and will continue to be led by Chris Antonelli, global head of prime finance.
The business in Europe, the Middle East and Africa (EMEA) will be led by Ronan Connolly, head of equities trading for the region and Mike Ward, head of equity sales in the EMEA.
Nomura decided to act after the review identified the need to adapt to less favourable market conditions, simplify the equities business and determine the right size and shape of the EMEA equities franchise for the future.
Despite difficult market conditions, Nomura’s EMEA equities business has shown significant improvement year-on-year, but the bank decided to act to appropriately position the business for the longer-term and to deliver on the bank’s pre-tax goals.
Challice, who has been at the Japanese bank for just over seven years, was managing director and head of prime finance in London.
He left his position after Nomura conducted a review of its overall equities business.
Following the review, Nomura’s prime brokerage platform will be consolidated under leadership in Japan to align management with the hub of the bank’s global franchise.
The global prime finance business will remain unchanged and will continue to be led by Chris Antonelli, global head of prime finance.
The business in Europe, the Middle East and Africa (EMEA) will be led by Ronan Connolly, head of equities trading for the region and Mike Ward, head of equity sales in the EMEA.
Nomura decided to act after the review identified the need to adapt to less favourable market conditions, simplify the equities business and determine the right size and shape of the EMEA equities franchise for the future.
Despite difficult market conditions, Nomura’s EMEA equities business has shown significant improvement year-on-year, but the bank decided to act to appropriately position the business for the longer-term and to deliver on the bank’s pre-tax goals.
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