Nomura International has hired Riz Liao, director of distribution at Westdeutsche Landesbank in Hong Kong, in a new role in its credit sales group. Gordon Mori, head of credit sales in Hong Kong, said, "We're still expanding the business while a number of other firms are still contracting." He continued that Liao will handle marketing for interest-rate and credit derivatives for non-Japan Asia, noting that additional hires are likely.
Liao reported to Philip Chu, head of distribution in Hong Kong at WestLB. Liao declined comment about his reasons for the move and Chu did not return calls.
