Nomura Asia Financial Deals Banker Tamachi Leaves Firm

(Bloomberg) -- Hajime Tamachi, a managing director at Nomura Holdings Inc. for financial deals in Asia Pacific, is leaving the Japanese bank, according to people with knowledge of the matter.

Tamachi, who’s based in Hong Kong, is departing to pursue other career opportunities over the coming months, the people said, asking not to be identified because the matter is private. At Nomura, he had worked on deals in sectors such as insurance, the people said.

His departure follows that of James Pearson, who was a senior investment banker in Nomura’s financial institutions group. Pearson left the lender less than a year ago and has recently started at Mashreq Bank PSC, according to his LinkedIn profile. A representative for Nomura declined to comment.

The amount of deals involving insurers in Asia Pacific has climbed to $13.6 billion this year, up about 40% from a year earlier, according to data compiled by Bloomberg. Those include KB Financial Group Inc.’s announced $1.9 billion acquisition of Prudential Financial Inc.’s South Korean life insurance business.

Nomura plans to expand its business with unlisted companies, working more with startups and other privately-held firms to bolster return on equity to as much as 10% in five years, its new Chief Executive Officer Kentaro Okuda said Tuesday. Nomura, which posted its first loss in five quarters, is also seeking to expand its execution and advisory services in the wholesale division, while pursuing opportunities to arrange structured financing deals for companies.

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