Nomura cuts around 18 Asia banking jobs as dealmaking slows -sources

SYDNEY : Nomura Holdings Inc has cut 18 Asian banking jobs, most of them China-focused investment roles, as a result of a sharp slowdown in dealmaking activities, according to two sources with direct knowledge of the matter.

A separate source with knowledge of the move said the cuts were not just for Asia, but also impacted Nomura's international investment banking operations across the United States, Europe, the Middle East and Africa. The layoffs at Nomura involve staff across multiple divisions within its investment banking function, as the bank had a year of almost muted dealmaking activity in the region, one of the two sources said.

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