Nomura has continued its senior hiring spree in London with the recruitment of a Bear Stearns veteran and former global head of equity derivatives at Standard Chartered.
Ed Steele joined Nomura’s equities team in August, according to sources close to the situation, after five years leading Standard Chartered’s equity derivatives division in both London and Hong Kong. Steele relocated to London in September 2013 after nearly five years working for the bank in Hong Kong and was poached by Nomura less than a year later.
He has been working in equity derivatives trading since 1996, when he started at BNP Paribas, but moved to Bear Stearns in 2000 where he eventually rose to the rank of senior managing director before the bank was sold to JPMorgan in the wake of the financial crisis in March 2008. Steele remained at JPMorgan until August 2009 before moving to Standard Chartered.
Steele is the latest senior recruit to join Nomura following a series of hires in both its fixed income and equities division. Most recently, Simon Harris signed up in the newly-created position of managing director and head of European single stock flow trading. It also hired Ronan Connolly as head of equities for Europe, the Middle East and Africa. He was previously at Citi.
In a sign that equity derivatives is becoming an increasing area of focus for the bank, Nomura has also brought in Massimo Labella, who spent nearly 12 years at JPMorgan, as a senior equity derivatives salesman.