Nomura plans to pivot away from EMEA

Jasper Cox

April 04, 2019 01:15 pm

nomura5_PA_230x150 — June 23, 2017 - Tokyo, Tokyo, Japan - Venezuela's central bank is seeking to sell fixed-income securities to Nomura Holdings Inc as a way of raising cash amid an economic crisis, an opposition deputy and a finance industry source said on Thursday, only weeks after a similar deal embroiled the Japanese bank in controversy. Opposition legislators this month publicly chided Nomura for participating along with Goldman Sachs Group Inc in a$2.9 billion bond operation that helped the government of President Nicolas Maduro bolster the country's flagging foreign currency reserves. (Credit Image: © Alessandro Di Ciommo via ZUMA Wire) | Alessandro Di Ciommo/Zuma Press/PA Images

During an investor day on Thursday, Nomura said it will scale back some secondary trading operations in Europe, the Middle East and Africa (EMEA), as it seeks to adapt to global challenges in the wholesale sector and the region’s slower growth.

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Jasper Cox