Nomura cuts 18 Asia banking jobs as dealmaking slows -sources

has cut 18 Asian banking jobs, most of them China-focused investment roles, after a sharp slowdown in dealmaking activity, according to two sources with direct knowledge of the matter.

A separate source with knowledge of the matter said the cuts were not limited Asia, but would also affect Nomura's international investment banking operations across the United States, Europe, the Middle East and Africa. The source gave no further details. "2022 saw a material deterioration in global investment banking fee pools and, as a result, we have had to reduce headcount in certain areas," the statement said.

In each of the bank's business divisions for equities capital markets, debt capital markets, corporate finance and Southeast Asia coverage, two to three workers were made redundant, according to the two sources.

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