News Formal

Nomura cuts about 10 investment banking jobs in Hong Kong

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

SYDNEY : Japanese investment bank Nomura Holdings has laid off about 10 of its Hong Kong-based investment bankers, including some who were focused on China-related deals, said two sources with direct knowledge of the matter.

The sources, who spoke on condition of anonymity because they were discussing confidential information, said the cuts were announced this week, and ranged from junior to top-ranking bankers, including managing directors and executive directors.The Japanese investment bank has seen its China-linked fortunes slipping lately.

Nomura did not feature on the league tables of the top 25 advisors on China-related buyout deals compiled by LSEG for the first nine months of the year. Leading U.S. and European banks, such as Goldman Sachs, Bank of America, Citigroup and UBS, have launched rounds of layoffs this year in their Asia investment banking units.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysis:China holds the key to Hong Kong's shrinking stock marketHONG KONG : Hong Kong's efforts to revive its shrinking stock market are mere stopgap solutions, as analysts say a reversal in fortunes for Asia's premier financial hub would not be possible without a major improvement in China's economic prospects.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »