Okuda starts efficiency drive at Nomura

Nomura_PA_575x375_27August2020
By David Rothnie
27 Aug 2020

Nomura has cut jobs in its investment banking business in Europe over the summer, following losses in leveraged finance, as its new chief executive eyes up other regions for growth, writes David Rothnie.

Nomura’s London-based investment bankers were heading for a banner year until the coronavirus struck: the bank’s financial year ended in March. Losses in leveraged finance turned an exceptional 12-month period into a tough one, with the bank losing money in particular on the financing of UK pub ...

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