Nomura names new global head of FX options trading

Ruchir Sharma has been appointed global head of foreign exchange option trading at Nomura following a stint at Deutsche Bank where he served as co-head of APAC global foreign exchange.

Sharma takes over with immediate effect and will be based in London. He will report to Kevin Connors, co-head of global FX and emerging markets and is set to leverage his two decades of experience in FX markets.

In this new role, Sharma is set to be responsible for “leading the growth and development of Nomura’s FX Options business, enhancing both the bank’s client franchise offering and trading capabilities,” according to the business. In addition, he will focus on ensuring close coordination between the FX trading and sales teams. 

He was previously managing director and head of APAC FX trading at Credit Suisse for almost 13 years, and before that served as a director at Bank of America Merrill Lynch, where he ran the emerging exotic derivatives for ML Asia Pacific. 

Read more: Nomura names long-term Credit Suisse alumnus as head of US Delta One Index 

Speaking to Sharma’s appointment, Connors said: “His [Ruchir] extensive knowledge and expertise in FX options will undoubtedly be an asset to our team, and we are confident that he will play a key role in enhancing our client franchise offering and trading capabilities. 

Earlier this week, Barclays appointed previous head of equity derivatives trading, Asia ex-Japan at Nomura, Jean-Baptiste Patois, head of equity derivatives ex-strategic derivatives, Asia Pacific. In the role he is responsible for leading exotics and flow derivatives.