,China

Nomura Holdings loses 20 investment bankers in Asia: report

The resignations include their head of Greater China equity capital markets.

Japan’s Nomura Holdings saw 20 mostly junior investment bankers in Asia quitting after getting their bonus payout in May, reports Bloomberg, according to people familiar with the matter.

The resignations, all outside of Japan, include the head of Greater China equity capital markets, Alexander Tong. A Hong Kong-based spokesman for Nomura declined to comment.

Global banks are battling to keep junior investment bankers in Asia, where financial technology firms and investment companies can offer a route to faster promotion and the prospects for higher earnings. At Nomura, the attrition was comparable to that in the previous years after bonus payouts, sources said.

Also Read: Growing exodus of junior bankers poses talent shortage for banks in Asia

Nomura has already seen the departure of several prominent bankers in Asia over the past months, including the head of healthcare investment banking, Vijay Karwal, who became the chief financial officer for biopharmaceutical startup AffaMed Therapeutics. Anshul Trivedi, head of Asia equity capital markets syndicate, left earlier this month.

Here’s more from Bloomberg.

Photo courtesy of Lombroso (Wikimedia Commons)

Get Asian Banking & Finance in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Banking leaders admit that they are at risk of ceasing to exist in 5-10 years.
It creates a one-stop ecosystem that connects its users to EV car dealers.
It enables end-to-end visibility for both the user and their clients.
FIs role as the middleman is under threat as tech firms mull offering financial services.
The final order book saw that most demands come from the UK and EMEA.
Fund transfers from India to Singapore will only need mobile phone numbers.
The alliance, made up of 35 NGOs, noted the bank’s alleged lack of a public policy to reduce coal investments.
Banks’ credit costs are expected to undershoot their guidance.
BEA highlights hiring plans, whilst Citi says it will offer 100 types of wealth products under WM Connect.
Stress test shows NPL ratio likely to rise, but not to levels PBOC expects, the ratings agency said.
Lenders will have to reduce cross-border fees once CBDCs become more mainstream.
Users will be able to set spending limits and block cards, amongst other features.
And Mastercard bets on crypto with acquisition of CipherTrace.
He Xingxiang is suspected for “severe discipline and law violations.
Two local digital currency exchanges said that none of the top four banks would do business with them.