Nomura Names Patel, Rietbrock as Co-Heads of Equities

Patel, who joined Nomura from Bank of America in 2009 as co-head of derivative sales, has been in charge of execution sales the last two years, David Findlay, chief executive officer of the Americas unit, wrote today in a memo obtained by Bloomberg News. Rietbrock, 43, joined the firm in 2010 from Charlotte, North Carolina-based Bank of America as head of U.S. equity research. Patel and Rietbrock’s new positions are effective immediately.

O’Kelly, 44, is leaving Nomura as the Tokyo-based bank overhauls international operations as part of plan to make them profitable by June 2014. CEO Koji Nagai, 53, is cutting $210 million in expenses in the Americas.

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Nomura Names Patel, Rietbrock as Co-Heads of Equities

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