Nomura Made FX Trades for Glen Point at Center of US Fraud Claim

Nomura Holdings Inc.pushed through hundreds of millions of dollars of trades for hedge fund Glen Point Capital LLP that are now at the center of US criminal charges against its co-founder Neil Phillips, according to people familiar with the matter.

Prosecutors said on Thursday that Phillips, 52, worked with a Singapore-based employee of an unidentified firm to arrange some $725 million of currency trades as he sought to manipulate rates. The firm, known only as Bank-3 in the indictment, is Nomura, according to the people, who requested anonymity as the details are private.

The US has charged Phillips …