Nomura, a leading financial services group, has announced the appointment of Dr. David Seif as the Chief Economist for Developed Markets.
Dr. Seif, with a robust background in macroeconomic research and over fifteen years of experience in major hedge funds, is set to bring a wealth of knowledge to Nomura’s economic research team.
In his new role, Dr. Seif will be stationed in New York, where he will directly report to Rob Subbaraman, the Head of Global Macro Research, and Paul Nikodem, the Head of US Fixed Income Research.
The appointment underscores Nomura’s commitment to strengthening its research capabilities, especially in the domain of fixed income macro analysis.
Darren Shames, the Head of Global Markets America Sales and Co-Head of G10 Global Rates Sales, expressed enthusiasm about Dr. Seif’s addition to the team, saying: “We are excited to have David join the Nomura research platform as we continue to enhance and expand our fixed income macro offering to clients globally.”
Shames further highlighted the significance of integrating strong foundational economic analyses with unique market perspectives, confident that Dr. Seif’s comprehensive expertise will enhance Nomura’s economic offerings.
“As our economic platform relies heavily on strong fundamental views along with unique perspectives on positioning, we are confident that the breadth and depth of David’s expertise will be complementary to our economics offering while allowing us to develop valuable insights that will be relevant for all client types.”
Prior to his Nomura role, Dr. Seif held prestigious positions in the financial industry, including Chief of Global Economics at Brevan Howard Asset Management and Senior Economist roles at Point72 Asset Management and Paulson & Co.
His academic background is equally impressive, holding a Ph.D. and MA in Economics from Harvard University, and a BS in Economics from the Massachusetts Institute of Technology.
This announcement comes on the heels of Nomura’s recent strategic hire of Hemish Shah from Deutsche Bank as the new Head of EMEA Flow Rates, signaling the firm’s ambitious expansion efforts.
Nomura’s third-quarter performance for the fiscal year ending March 2024 showcased a significant uptick in net revenue and pre-tax income, marking a 39% quarterly increase in pre-tax income, despite a slight year-on-year decline.
This financial growth emphasizes Nomura’s strong market position and its capability to adapt to changing economic environments.