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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, an obscure investment firm set up to manage the fortune of trader Bill Hwang. Japan’s biggest br...

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 company's 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 and investment bank posted a fourth-quarter net loss of around $1.4 billion, its largest quarterly ...

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 company said in a presentation Tuesday. Nomura has exited over 97% of its positions with a U.S. cli...

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 the Archegos meltdown led to the Japanese firm’s biggest quarterly loss since 2009. “There is no...