Japan's Nomura Holdings has appointed Sudhir Nemali as managing director and chief operating officer of its international wealth management business, as the company seeks to strengthen its position in Asia's wealth management sector.

Nemali, who brings more than three decades of wealth management experience, will be based in Singapore. He joins from Deutsche Bank, where he most recently served as chief operating officer for wealth management and the private bank division across Asia-Pacific, Middle East and Africa, and Latin America regions. He was also a branch board member of Deutsche Bank of Singapore.

In his new role, Nemali will report to Aleem Jivraj, Nomura's chief operating officer of global markets, and Ravi Raju, head of international wealth management.

Speaking about the appointment, Jivraj and Raju said in an internal memo: "IWM has grown dramatically over the past four years and as we embark on the next phase of our growth, Sudhir will work closely with the IWM management team and our corporate partners to drive all aspects of the buildout."

They added that Nemali's responsibilities would include "developing the future strategy and business plans, and ensuring that our platform and processes can fully support our ambitions to become a leading player in wealth management in Asia."

The appointment comes as Nomura continues to expand its wealth management presence in Asia, with the international wealth management division showing significant growth over recent years. A Nomura spokesperson confirmed the appointment to Reuters.

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