Nomura International has established a hedge fund sales business for Asia and hired Steve Liu, head of research at boutique fund house EGS Asia in Hong Kong, to spearhead the effort. "Nomura's always had hedge fund coverage but they wanted to beef up the operation," said Liu, now head of hedge fund sales in Hong Kong. Previously fund coverage was handled from the equity sales desk.
Prior to his stint at EGS Liu worked in global equity research at Salomon Smith Barney in New York. He now covers clients in Asia and the U.S. for cash and derivatives. He said he will consider hiring staff next year, but declined to elaborate.
At Nomura, Liu reports to Bobby Hirasawa, Hong Kong head of Asian equity sales. Hirasawa declined comment.
