Nomura Holdings bulks up Asia wealth business in quest for bigger share of lucrative segment

SINGAPORE, Feb 25 (Reuters): Nomura Holdings is steadily building its global wealth management business and plans to further expand its Singapore and Hong Kong hubs, as Japan's biggest securities firm accelerates a push into a highly competitive sector.

Just over a year after Nomura snagged Ravi Raju to spearhead its ambitions in the wealth operations, the veteran banker has led a hiring spree as part of its efforts to diversify from its home market and capture a slice of an affluent and growing pool of Asian clients.