Nomura has cut a small number of mostly junior analysts in Asia in recent weeks, according to a person familiar with the matter.
Nomura has made another senior hire from Bank of America Merrill Lynch for its regional equities team ex-Japan, according to people familiar with the matter.
Melvyn Boey, BofA Merrill’s Southeast Asia strategist and a managing director based in Singapore, will shortly be joining Nomura.
At Nomura, Boey will be reunited with Yasuhiro Fujiwara, who also has a background with BofA Merrill. Fujiwara joined Nomura in March...