Several senior dealmakers are leaving Nomura Holdings Inc. in Asia as the investment bank reacts to a slump in fees with broader global cuts, according to people familiar with the matter. Know more:
SEVERAL senior dealmakers are leaving Nomura Holdings Inc. in Asia as the investment bank reacts to a slump in fees with broader global cuts, according to people familiar with the matter.
The majority of reductions are focused on areas where Nomura has limited scale, one of the people said. Goldman Sachs Group Inc. plans to eliminate about 3,200 positions, according to people familiar with the matter earlier, adding to cuts at Morgan Stanley and Credit Suisse Group AG. Chief Executive Officer Kentaro Okuda last year tapped Christopher Willcox to oversee operations including global trading and investment banking, counting on the Wall Street veteran to bolster a division that generates roughly half of the brokerage’s total income.
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