Bloomberg News

Nomura Said to Hire Morgan Stanley’s Kim for Debt Markets

June 06, 2012

Nomura Holdings Inc. (8604), Japan’s largest brokerage, hired Kyungwoo Kim to join its debt capital market origination team in Seoul, according to three people familiar with the matter.

Kim was hired from Morgan Stanley (MS:US) as a executive director in Seoul, the people said, asking not to be identified because the matter is still private. He will report to Mark Leahy, Nomura’s head of debt origination and fixed income syndicate for Asia ex-Japan, one of the people said.

Nomura last month hired Wonseok Chae, formerly of Goldman Sachs Group Inc., to head corporate sales and financing in Korea, according to a release from the Japanese bank. Nomura said in the statement that it has expanded its corporate sales and financing group to a team of 30 people across Asia outside Japan since November 2011.

“Korea is a key area of focus in our coverage strategy,” said Daniel Mamadou, Nomura’s head of corporate solutions and financing group, said in the statement.

Nomura ranks 23rd this year in arranging international bond sales of South Korean firms, ten and six notches below rivals Mizuho Financial Group Inc. (8411) and Daiwa Securities Group Inc, according to data compiled by Bloomberg. Its highest position in the last five years was 13th in 2009, the data show.

Felicity Albert, Nomura’s Hong Kong-based spokeswoman, declined to comment on the hiring of Kim. Morgan Stanley’s Hong Kong-based spokesman, Nick Footitt, confirmed the banker will be leaving the firm.

To contact the reporter on this story: Taejin Park in Seoul

To contact the editor responsible for this story: Shelley Smith at

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