Citigroup hires former Nomura Holdings senior investment banker to expand Japan business.

Citi Group announced on Tuesday that they have hired senior investment banker Akira Kiyota from Nomura Holdings and promoted internal staff Taiji Nagasaka to co-head of their investment banking business in Japan. The appointments will take effect on October 1, highlighting Wall Street banks' efforts to expand their business in Japan as M&A activities rebound and companies seek strategic deals in a more favorable interest rate environment.