|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||116.64 - 116.64|
|52-week range||116.64 - 116.64|
|Beta (5Y monthly)||1.11|
|PE ratio (TTM)||1,887.38|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Nomura Holdings has named Jwalant Nanavati as the new head of its Southeast Asian investment banking business, according to an internal memo seen by Reuters on Tuesday. Hong Kong-based Nanavati, who joined Nomura nearly four years ago to head its Asia ex-Japan technology, media and telecom (TMT) investment banking team, will take over the new role from July 1 but relocate to Singapore only later this year. Nanavati, an investment banking veteran of two decades, previously worked at BNP Paribas, Deutsche Bank and Lehman Brothers, according to his LinkedIn profile.
Three major lenders need to take steps to improve shortcomings.
Standard Chartered Chief Executive Bill Winters expects central banks' fight against surging inflation, driven by structural cost pressures such as wage growth, to result in a "relatively shallow and short" recession by early next year. "I think central banks have to take this inflation problem head on," Winters told the Reuters Global Markets Forum (GMF) on Wednesday, adding that a strong financial system supported by underleveraged consumers and corporations will aid a faster recovery compared to the global financial crisis. Standard Chartered continues to grow in China but at a slower pace, as COVID-19 lockdowns stifled its expansion, Winters said on the sidelines of Temasek's annual Ecosperity sustainability conference in Singapore.