Reasearch Analyst - Executive Director

Company Overview

Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions:
Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit

Nomura's Global Markets Division handles client transactions for financial institutions, corporates, governments and investment funds around the world. We act as market makers, trading in fixed income and equity securities, including currencies, interest rates and credit in cash, derivatives and structured products. We have taken market‑leading positions across the globe by leveraging the strength of our talent, client relationships and technology.

By developing strong relationships with our client base through consistent interaction, independent advice and pre‑eminent access to Asia, we have built a powerful global franchise across credit, interest rates and currency products. Our client services cover both high‑volume flow products and carefully tailored structured solutions. We have adapted to the changing financial landscape to build a client‑centric focus differentiated by innovation, electronic and service excellence and market‑leading derivatives capabilities.

• Embedded desk strategist sitting alongside the trading team, providing real‑time analytical support across CEEMEA and Asia sovereign credit markets
• Coverage spans investment grade and high yield/distressed sovereign names across EM regions, with focus on shaping desk risk and generating actionable trade ideas
• Acts as the analytical bridge between traders and clients, translating macro themes and credit fundamentals into positioned, market‑relevant views

• Partner closely with traders to analyse and shape desk risk positioning across the sovereign credit book
• Engage directly with institutional clients — real money, hedge funds — on current market themes, relative value and structured trade ideas
• Cover distressed and restructuring situations, providing deep‑dive credit analysis on sovereign names under stress
• Produce fundamental credit analysis (fiscal dynamics, debt sustainability, external balances, political risk) alongside technical analysis (spread levels, curve shape, basis, CDS‑cash)
• Monitor and interpret flows, positioning data and market technicals to identify entry/exit points and relative value opportunities
• Track key macro catalysts — IMF programmes, rating actions, elections, commodity price dynamics — and assess impact across the sovereign universe

• Relevant experience in EM sovereign credit, spanning sell‑side research, desk strategy or trading
• Deep fundamental knowledge of CEEMEA and/or Asia sovereign credit markets — ideally with coverage across both regions
• Proven experience engaging with buy‑side clients in a markets context; comfortable presenting trade ideas and defending views under scrutiny
• Track record of analysing distressed sovereign situations, including restructuring dynamics, IMF engagement and creditor coordination
• Strong grasp of credit technicals — spread analysis, CDS, basis trades, curve positioning, cross‑market relative value
• Familiarity with macro frameworks: BOP analysis, debt sustainability assessments, political economy
• Ability to operate at pace in a trading floor environment — producing timely, concise and high‑conviction output
• Excellent written and verbal communication; experience authoring market commentary, trade ideas and client‑facing notes
• CFA or equivalent preferred; advanced degree in Economics, Finance or related field an advantage

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