NEWS: Nomura appoints Jolly replacement for Kafka

Leading Japanese finance house Nomura has appointed financial PR specialist Stephen Jolly as director of corporate communications, on a salary package believed to approach pounds 100,000.

Leading Japanese finance house Nomura has appointed financial PR

specialist Stephen Jolly as director of corporate communications, on a

salary package believed to approach pounds 100,000.



Jolly arrives at Nomura after two years as group communications manager

at Hong Kong and Shanghai Banking Corporation. His role there involved

co-ordinating global communications across offices in 70 countries,

following the group’s takeover of Midland Bank.



He joins Nomura on 3 June, replacing Paul Kafka, the current chairman of

the IPR’s City and Financial Group. Kafka left Nomura on 29 February to

take the top PR post at rival investment house Fidelity.



Jolly confirmed that he had left HSBC last Thursday and will be on

‘gardening leave’ until he takes up his position at Nomura. Although

HSBC opted not to let Jolly work out his notice period, he insists his

departure was amicable.



At Nomura, he will head a team of six responsible for PR activities

covering Nomura’s operations across Europe.



‘It will be a hard act following Paul. He’s got a good reputation and

there’s a lot to live up to,’ said Jolly.



Nevertheless, he said a key objective would be to drive forward and

improve internal communications within the banking group, which employs

approximately 1,350 people from over 40 nationalities in 14 offices

across Europe. He also intends to lead a PR offensive designed to tackle

a ‘time lag’ in media perception of Nomura’s recent improved

performance.



Jolly’s move to in-house PR in the international finance house sector

follows a spell as group communications manager at accountancy and

consulting group Cooper & Lybrand, London, from 1992 to 1994. Prior to

that, he was group head of government relations at GCI London.



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