Nomura names co-heads of fixed income in US

Nomura has named two former Lehman executives as leaders of its fixed income, Americas unit. Charles Spero and Jeffrey Michaels will report globally to Tarun Jotwani, global head of fixed income, and locally to Shigesuke Kashiwagi, president and chief executive officer for the Americas.

Spero previously worked as a trading executive for Barclays Capital. Prior to his stint at Barclays, Spero spent 12 years at Lehman Brothers, his last position being head of securitised products for the Americas.

Michaels was most recently head of rates trading in North America for Citigroup. He is an eight-year veteran of Lehman, and was named head of US rates trading in 2006. Both Spero and Michaels will be based in New York.

Nomura’s fixed income, Americas team is expected to reach 200 staff members by March 2010. The team has hired 28 managing directors since January this year.

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