Nomura Recruits Wei Zhong Lim as VP in eFX Distribution

Nomura, the largest brokerage in Japan, has managed to secure a new vice-president in electronic foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (e-FX) distribution for Asia, Wei Zhong Lim, Finance Magnates has learned.

According to his LinkedIn profile, Lim is based in Singapore and reports to Ashvin Parkash. In his own words, Lim is an: “Experienced eFX Salesperson; covers Institutional clients across APAC.”

Lim joined the Japanese-headquartered brokerage last month in January, moving from State Street, an American financial services company and bank. At State Street, Lim worked in eFX Sales in the Asia Pacific (APAC) region for almost three years.

Based in the bank’s Singapore office, Lim handled Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provision, the distribution of FX algorithm strategies, according to his LinkedIn profile. He was also responsible for helping to increase the company’s footprint across APAC and revenue generation.

Prior to this, Lim was employed at another bank - Standard Chartered Bank. For Lim, his tenure at the bank lasted from November of 2012 until March of 2016. While here, he worked in eCommerce Sales for Greater China and North Asia, based in Hong Kong.

According to his LinkedIn profile, this was his first foray into the sales world and the beginning of his career. During his career, Lim has worked in both Singapore and Hong Kong, helped by the fact that he can speak three languages - English, Chinese, and Thai.

Lim also attended Singapore Management University from 2006 until 2010, where he graduated with a Bachelor of Science in the field of Economics.

Nomura Reports Loss in Q3

Lim joined Nomura in the same month that the brokerage reported its third-quarter financial results for its 2019 fiscal year. As Finance Magnates reported, the firm yet again reported a quarterly loss, marking the second in a row, due to a large write-off in its wholesale segment.