Global investment bank Nomura has hired over 20 private bankers and investment advisers in its international wealth management business.

This is part of the firm’s plans to expand its capabilities to serve high net worth (HNW) clients.

The hires are in Hong Kong and Singapore following the integration of international wealth management into the firm's wholesale business, and the appointment of Ravi Raju as head of international wealth management in September 2020.

Nomura said it aims to triple assets under management in this business by March 2025, through an accelerated expansion of the client franchise and...