Nomura, the global investment bank, has announced four new senior appointments to its Middle East and Africa (MEA) Fixed Income team.

The addition of Ramin Shayesteh, Kevin Cummings, Bashar Al Damiri and Amin Kirdar strengthens Nomura’s footprint in Middle East and Africa, a statement said.

Shayesteh will head Nomura’s Middle East and Africa sales for financial institutions and sovereign wealth funds, while Cummings will spearhead the structured solutions group for the region.

Philip Lynch, Nomura's CEO, Asia ex-Japan and Middle East, said: “We see significant opportunities to help our clients grasp the increasing business flows between the Middle East and beyond. These hires further strengthen our capability to service their diverse fixed income needs and demonstrate our long-term commitment to the region.”

Mohamed Idriss, Nomura’s head of global markets sales, Middle East and Africa, said: “The new team members will help expand our global markets reach as well as adding a new dynamic to Nomura’s client offering.”

“Fixed income markets are becoming increasingly important and Nomura is determined to remain at the forefront of the industry. These new hires represent our commitment to ensuring our clients have unparalleled access to the most important asset classes,” he added.

Shayesteh, who joins as managing director, was previously at Barclays Capital where he was head of Middle East and Africa sales and spent the last 12 years establishing significant client relationships and product offerings. Shayesteh will be based in London.

Cummings, who joins as executive director, will manage the structured solutions distribution business, and co-ordination of the sovereign wealth fund distribution business into the Middle East and Africa. Cummings will be based in Dubai.

Shayesteh and Cummings will be supported by Al Damiri and Kirdar who will both be based in Dubai. – TradeArabia News Service