Nomura cuts US investment bankers in revamp

By David Rothnie
11 Apr 2019

Nomura has put at risk a number of senior bankers in its Americas investment banking operation and refurbished its management team as part of a $1bn plan to cut costs. Senior names in M&A, leveraged finance, Latin America and risk solutions are leaving.

Nomura’s CEO Koji Nagai wants the bank to concentrate on growing revenues in the US following a decade-long hiring spree.

As a result, the bank is closing its US high-yield operation and reviewing its Americas’ equity capital markets business and coverage effort, with a number of job ...

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