Japanese banking giant Nomura is reportedly planning to cut about 60 fixed income jobs from its global markets business in London.
The cuts include high-yield bond traders and analysts, three people familiar with the development told Bloomberg.
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According to the publication, Chris Derry, the head of high-yield credit trading in London; Shaz Amir, who traded credit derivatives and junk bonds; Karan Anand, a high-yield bond trader; as well as analysts Duncan Lake and Bilal Khan were fired.
The decision follows a review of the division’s management structure against a backdrop of a tougher regulatory environment and weakening market conditions in some areas.
In April 2015, the Japanese banking giant restructured management of its global markets unit, appointing new heads of Europe and the US.
Yutaka Nakajima was made global markets head for Europe, the Middle East and Africa, and Jonathan Lewis was appointed CEO for the region.
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