Page 3 - Christopher Willcox News Today

Latest job changes across the industry

Dougal Brech, global head of the prime-brokerage division that caters to hedge funds, has been suspended along with U.S. prime head Joshua Kurek and co-head of global equities Michael Caperonis, people familiar with the matter said. Douglas Lyons, global head of credit risk, will stay at the Tokyo-based firm but will be replaced by Patrick McGarry, said the people, who requested anonymity as the details aren’t public. Nomura is among several global banks shaken by transactions with Archegos, ...

4 Min Read TOKYO (Reuters) -Nomura Holdings Inc said it would incur $2.9 billion worth of pain from the collapse of U.S. investment fund Archegos but added that while it was beefing up risk controls, it had no plans to scale back its U.S. business. FILE PHOTO: The logo of Nomura Securities is seen at the companys Head Office in Tokyo, Japan, November 28, 2016. REUTERS/Toru Hanai/File Photo Taking the second-largest hit from the Archegos debacle after Credit Suisse, Japan’s biggest brokerage ...

Apr 27, 2021 Nomura Holdings Inc. will book ¥313 billion ($2.9 billion) in losses tied to the collapse of Archegos Capital Management, as Japan’s biggest brokerage vows to strengthen its risk management in the wake of the debacle. Of the total, ¥245.7 billion ($2.3 billion) was logged in the three months ended March 31, leading to a quarterly net loss of ¥155.4 billion — its biggest since 2009. The remaining ¥62 billion will be booked in the current fiscal year, the Tokyo-based...

Nomura Sticks to Global Goals After $2.9 Billion Archegos Hit Bloomberg 2 hrs ago Takashi Nakamichi and Takako Taniguchi (Bloomberg) -- Nomura Holdings Inc. is pushing ahead with its global ambitions, unswayed by a $2.9 billion hit from the implosion of Archegos Capital Management. Popular Searches Chief Executive Officer Kentaro Okuda -- in a surprise appearance at Tuesday’s earnings briefing -- signaled he will persist with plans to build a presence in the U.S. even after ...

Nomura said the losses from the implosion of Archegos Capital will be nearly $ 2.9 billion, as people close to the Japanese bank have said they have permanently suspended their chief mediation operations. The economic blow to the country’s biggest brokerage Nomura is more than a loss of approximately $ 2 billion initially marked when the mishap caused by the powerful family office appeared in late March. Bill Hwang’s loss of Archegos, which has not been officially named by the nominee and c...

FinanceNomura appoints ex-JP Morgan banker as Co-CEO of Americas holding firm Reuters 1 minute read A logo of Nomura Holdings is pictured in Tokyo, Japan, December 1, 2015. REUTERS/Toru Hanai Nomura Holdings Inc (8604.T) said on Monday it will appoint Christopher Willcox as Co-CEO of the groups holding company for Americas as Japans biggest brokerage and investment bank aims to beef up its U.S. management. Willcox, former CEO of JP Morgan Asset Management, will work with Yo Akatsuka, who will...