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Nomura Hires Chief Economist For Europe

Mr. Westaway to run the European economic research team

Nomura Securities (Nomura) has hired Peter Westaway as chief economist for Europe. Reportedly, he will assume coverage of UK economic research.

Mr. Westaway will report locally to Jim McCormick, head of fixed income research, EMEA, based in London, and globally to Paul Sheard, global chief economist and head of economic research, based in New York.

Mr. Westaway worked at the Bank of England for 13 years, covering macro economic forecasting, policy and financial market analysis, before joining Nomura. He has also held prior roles at the UK Treasury and National Institute of Economic and Social Research.

Jim McCormick, head of fixed income research, EMEA, said: “Nomura’s European fixed income research effort will focus extensively on delivering macro solutions to our clients. Mr. Westaway’s wealth of experience at the Bank of England will be an immense step forward in this effort. Nomura has placed a heavy emphasis on franchise building in Europe and overseas in recent months and Mr. Westaway’s hire adds an exciting element to our growing team.”