Something is seemingly going on at Nomura. Having made 60 redundancies in August, mostly in credit sales and trading and especially in high yield, it looks the Japanese bank is bulking up other parts of its business. And that includes fixed income sales and trading.
The UK’s Financial Conduct Authority (FCA) Register reveals that Nomura made several big name hires over the past month, many of them poached from rival firms.
They include: Arnaud Lannic, the former head of European exotics at Bank of America, who left BAML in May and joined Nomura in August; Daniel Gerber, a senior fixed income sales trader from hedge fund Zelof & Partners; Duncan Campbell, a former executive director in emerging markets structuring at J.P. Morgan; Shreyans Surana, a senior FX trader at Standard Chartered, who joins as a vice president; and Timothy Ash, the ex-head of emerging markets research at ICBC, who’s joining Nomura as head of CEEMEA strategy.
At the junior end, Nomura also hired Christian Pilcher, a fixed income salesman who previously worked for Nomura’s German office in 2014. Pilcher rejoined the bank after a year at HSBC.
We asked Nomura to comment, but they were unable to provide a response on their sudden hiring enthusiasm within our (admittedly short) time frame. One thing is clear, however: it’s not all one-way traffic at the Japanese bank in London.
Photo credit: Nicholas Raymond
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