Michael Caperonis News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

by Tyler Durden Tuesday, Apr 27, 2021 - 03:30 PM After reporting its biggest quarterly loss since 2009 (driven by losses tied to the implosion of Archegos that were greater than the $2 billion the Japanese bank first reported a month ago) Nomura has decided to suspend or shuffle around several senior employees, including its head of risk. More details on the suspensions and firings can be found below courtesy of Bloomberg: 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 equit...