Nomura Reshuffles Asia Investment Bank, Cuts Jobs in Slump

-- Nomura Holdings Inc. is reshuffling its Asia investment-banking team and cutting jobs in an effort to reduce costs amid a deals slump in China and Hong Kong.Ambani's $600 Million Wedding Is Just Business as Usual

Among other moves at Nomura, Andrew Macgonigal will co-head the region’s investment-banking business with Akihiro Koseki. Macgonigal will keep his role as Australia’s chief executive officer and investment-banking head, the memo showed.Nomura unveiled plans in May to almost double profit by the end of the decade, in part by making its key wholesale division finance its own operations.

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