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Nomura adds two to prime finance business

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Nomura has made two new hires into its prime finance business, which encompasses equity financing, prime services and Delta 1.

Massimo Labella has joined as head of directional Delta One sales. He previously spent 12 years at JP Morgan, focusing on flow equity derivatives and Delta 1 products.
 
Babita Ittoo has joined as a vice president, and will focus on client origination in EMEA. She previously spent 10 years at Goldman Sachs, focusing on the prime brokerage hedge fund client base.
 
Both will be based in London, and will report to Phil Morgan, head of prime finance sales, EMEA.
 
In April, Nomura combined its equity financing, prime services and Delta 1 businesses under the leadership of Ben Challice globally.
 
Phil Morgan, head of prime finance sales in EMEA, says: “Adding Massimo and Babita to the team, both of whom are well known and respected in the industry, will boost the distribution of our suite of financing products.”

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