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
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.