Nomura Securities International Inc. said Thursday it hired two senior professionals from the Royal Bank of Scotland for its rates business.

Steve Ashley will join as global head of rates and Chris Fleming will be global head of rates sales at Nomura.

Ashley will be based in Tokyo and his role will encompass all of Nomura's global flow and rates products.

Fleming will be based in London and will be responsible for directing Nomura's dedicated rates sales forces across its core regions.

At Royal Bank of Scotland Ashley was responsible for global delta interest rates and flow credit trading. He spent six years at RBS building its rates business and overall he has more than two decades of experience in rates trading with senior roles at UBS and Credit Suisse. He will report to Tarun Jotwani, head of global fixed income.

At Royal Bank of Scotland, Fleming was European head of interest rate sales, co-European head of flow credit sales and European head of foreign exchange flow and futures. Prior to this, he worked at UBS as head of all liquid product sales, government and flow derivatives for Europe. Fleming will report locally to Kieran Higgins and Georges Assi, co-heads of fixed income EMEA, and globally to Ashley.

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