Nomura's Asia fixed-income syndicate head quits

Dermot Mayes, previously head of fixed-income syndicate Asia, leaves Nomura, while Avinash Thakur joins BarCap as a director.

Dermot Mayes, previously Nomura’s head of fixed-income syndicate for Asia-ex Japan, has left the bank. It is unclear where Mayes is headed, though market chatter suggests that he might be taking a break.

The Japanese bank is looking to fill the position and his responsibilities will be absorbed by other members in the team. However, his departure could start a round of musical chairs within the industry.

The hiring cycle has not exactly kicked off in a big way for debt capital markets teams, but with bonuses having been paid out, the grass on the other side of the fence could start looking an awful lot greener....

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