Nomura cuts Asia ex-Japan equities jobs

The move by Japan’s largest brokerage follows cuts by Barclays, StanChart and Jefferies.

Nomura cut around 30 jobs in its Asia ex-Japan equities business this week, the latest investment bank to cut costs in the region, a source familiar with the situation told FinanceAsia on Thursday.

The job losses in Asia follow much deeper cost cuts in its European and US operations announced earlier this week as the Japanese brokerage looks to stem years of losses at its overseas operations. 

Nomura is not alone in its efforts to slim down in Asia. Thursday's job cuts follow a much deeper retrenchement by Barclays and Standard Chartered from the region since last year. 

...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222