Jesse Bhattal, who was appointed yesterday as chief executive of Nomura's wholesale business, has wasted little time stamping his mark on the division after today hiring the former head of European equities at Lehman Brothers, Benoit Savoret, to a similar role at the Japanese bank. The move reunites Savoret with ex-Lehman colleagues who joined Nomura when it bought parts of the collapsed US bank.

Savoret spent 11 years at Lehman Brothers before resigning in early September 2008, just weeks before the bank collapsed.