Nomura Said to Be Cutting 30 Managers From Fixed-Income Division
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Nomura Holdings Inc., Japan’s biggest securities firm, will cut about 30 managers in its fixed income unit, three months after naming Steve Ashley global head of the division, a person briefed on the matter said.
The departures will include Kieran Higgins, co-head of fixed income for Europe, the Middle East and Africa, and Peter Hornick, head of fixed income sales for the Americas, Ashley wrote in a memo to employees yesterday. Georges Assi will become sole head of fixed income in Europe.