Nomura appoints Birendra Agarwal as Managing Director and Chief Information Officer for its Powai business

Mumbai, August 5, 2009 – Nomura, the Asia-based global investment bank, announced the appointment of Birendra Agarwal as Managing Director and Chief Information Officer for Nomura Services, India (Powai). Birendra will be based in Mumbai and will report globally to Simon Lucocq, Global & Asia Pacific Wholesale CIO and locally to R. K. Rangan, President and CEO of Nomura Services, India.

Birendra brings more than 20 years of leadership experience in managing information technology for financial services in the US and UK. He has undertaken diverse roles ranging from strategic technology planning, application development, architecture, engineering and operations. At Nomura Services, India he is responsible for managing the technology support across global business units such as equities, fixed income and investment banking.

Rangan said, "It gives us immense pleasure to welcome someone of Birendra's calibre to Nomura. His experience and extensive domain knowledge will be instrumental to the success of many strategic and transformational IT programs being managed from Powai. Birendra's leadership will be an invaluable asset to the firm, and will help us leverage Powai's capabilities more effectively for Nomura's global expansion."

Prior to joining Nomura, Birendra was managing Envision Consultants, an outsourcing and offshore advisory firm. Before that, he was Managing Director and co-CIO, Global Fixed Income Currencies and Commodities at Citigroup, where he was responsible for building the technology division across various financial verticals. He holds a B.Tech from IIT, Mumbai and an M.S. from the University of Kentucky.

Nomura Services employs more than 2,300 people at its Powai office, of which nearly 1,000 are IT specialists and securities analysts who handle Nomura's business around the globe. Nomura's technology division uses leading edge technologies to deliver and support innovative solutions across the firm's front, middle and back office for the Global Markets, Investment Banking and corporate divisions.

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Nomura

Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: retail, global markets, investment banking, merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.