Mark Leahy, Nomura?s head of?debt syndicate and debt origination for Asia ex Japan, has left the bank, as it embarks on a?US$1 billion cost-cutting drive.
It is understood he will be replaced by Clayton Carol, head of leveraged finance, with the rest of the DCM team remaining in place.
Leahy, a managing director, left the bank on September 21, according to market sources. Nomura declined to comment.
Nomura also made a number of job cuts in its Asia Pacific investment banking division on September 20, though numbers could not be confirmed.
The Japanese bank is reported to have made a serious of job cuts globally this week as its looks to reduce costs by US$1 billion. Most of the overall cuts are expected to come in Europe.
Leahy joined Nomura in June 2011 as it sought to grow its DCM business in the region. Previous roles include spells at Deutsche Bank and UBS. He also founded Australia brokerage Arrive Private Investments where he worked prior to joining Nomura.
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