Nomura has hired the head of distribution for Europe, the Middle East and Africa at ETF Securities, who previously co-headed derivative sales at Bank of America Merrill Lynch in the same region, as the rebuild of its equities business gathers place.

Matthew Johnson will join Nomura as a managing director in its equities division in July, according to a person familiar with the matter. He will be replaced at ETF Securities by an internal staff member, although that appointment has not yet been made official.