Nomura has made the chief executive of UK Trade and Investment its second senior regulatory hire in as many days, as it assembles a team to help the bank navigate its way through the changing regulatory landscape in Europe and the US.

Sir Andrew Cahn has been named to the new role of vice-chairman of public policy for Europe, the Middle East and Africa. He will provide strategic advice and knowledge on issues such as regulatory reform at investment banks and rules on remuneration, according to a statement from the bank today.