By Nishant Kumar
The move comes as Wall Street banks retreat from thelucrative proprietary trading business after regulatory changesput in place after 2008 curbed banks from making bets with theirown money.
Swamy, a former Hong Kong-based managing director in theequities division of Barclays Plc, joined Nomura lastweek to lead the new Equity Principal Strategies Group.
A Nomura spokesman confirmed the two appointments.
- Investment & Company Information
- Nomura Holdings Inc
- proprietary trading