Posted inPeople Moves

Nomura nets North Asia WM head from Citi PB

The hire is a part of the Japanese wealth manager’s expansion to the core markets of Greater China.
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Japanese investment bank Nomura announced that it has named Rudolf Hitsch as the head of North Asia for its wealth management business, a new role within the company.

Based in Hong Kong, Hitsch is responsible for the firm’s client relationship management teams covering to North Asia. He reports to Ravi Raju, Nomura’s Head of International Wealth Management.

“As we build out our International Wealth Management business and grow our capabilities to serve our clients, we are excited to have Rudolf join us to strengthen our presence in North Asia,” said Raju.

“We continue to attract top talent from the industry as we make significant investments in people and platform, and enhance our product and services capabilities while integrating our Global Markets and Investment Banking solutions for high-net-worth clients.”

Prior to joining the Japanese bank, Hitsch has about 25 years of experience in private banking serving Chinese clients.

He was most recently the head of North Asia at Citi Private Bank, responsible of building its offshore mainland China and Taiwan private banking business and overseeing the growth of the Hong Kong business.

He has also worked at Goldman Sachs private wealth management in Hong Kong for 12 years, where he led a China team.

Nomura has been expanding its wealth management business over the past two and a half years and have hired around 50 private bankers to focus on the Greater China, South and Southeast Asia and Middle East markets.

Part of the Mark Allen Group.