Based in London, he reports to Des Supple, Managing Director and Global Head of Fixed Income Research, and is an important addition to Nomura's Global Economics' team.

Cailloux has a proven track record in delivering actionable research ideas related to the European economy. The strength and breadth of his client relationships has made him an integral component of the investment process for many key investors.

Supple said: 'Jacques is renowned for producing focussed and rigorous economic analysis to drive risk allocation decisions. Insightful research is at the core of Nomura's aim to be the number one Asian global investment bank; Jacques' appointment will help us achieve that ambition'.

Cailloux joins from RBS where he was Chief European Economist and Head of European Research. He has held senior positions in economic research with JPMorgan, BlueCrest Capital, Barclays Capital and Deutsche Bank. Jacques has also been a member of the ECB's Shadow Council since 2007.