Nomura Announces New Members to its Advisory Board

Nomura Holdings, Inc., an Asian-headquartered financial services Group, announced this Tuesday that it has added two new members to its Advisory Board, with Chartsiri Sophonpanich and Philip Hammond joining the Board.

In the statement released today by Nomura, it said it is pleased to welcome Chartsiri Sophonpanich, who is the President of Bangkok Bank Public Company Limited, and Philip Hammond, the former Member of Parliament and Chancellor of the Exchequer, as new members.

Sophonpanich and Hammond join the two other current Advisory Board members, Goh Chok Tong and Deepak Parekh, who have both been on the board since April of 2015.

Nomura’s Advisory Board was established in 2001, with the purpose of advising the firm’s Executive Management Board, which is responsible for making decisions on the company’s business Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term.

The role of the Advisory Board is to receive advice and suggestions from external sources, such as leaders, on the company’s business and overall management.

“In 2015, Nomura appointed four preeminent Asian leaders as Advisory Board members, and has held seven meetings up until March 2019 in Tokyo, Singapore and other Asian cities,” the company said in the statement released today.

“As a global financial services group, Nomura will continue to apply the advice and global perspectives of the board to management,” Nomura continued.

Nomura to diversify revenue

In addition to announcing the new appointments, Nomura also said this Tuesday that it is planning to strengthen its business by catering to unlisted companies, such as offering advice to startups, as the company aims to diversify its revenue amid COVID-19.

In a business strategy update, the Japanese brokerage and investment bank said that it was seeking new growth in private equity, private debt and infrastructure, as well as in offerings of digital bonds and security tokens, according to a report from Reuters.