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Nomura Plans Precious Metals Trading Expansion Under New Hire

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Nomura is expanding its bullion trading business and has hired former Standard Chartered precious metals trader Aleksander Ganchev to lead the push amid rising investor interest in bullion. The hire signals a strategic effort to grow Nomura's presence and revenues in precious metals trading, but is unlikely to move broader markets in the near term.

Analysis

Nomura is expanding its bullion trading business and has hired former Standard Chartered precious metals trader Aleksander Ganchev to lead the push amid rising investor interest in bullion. The hire signals a strategic effort to grow Nomura's presence and revenues in precious metals trading, but is unlikely to move broader markets in the near term.

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