
Capital market "cold winter" continues Nomura reorganizes its Asian investment banking team and lays off employees

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Nomura Holdings is restructuring its Asian investment banking team and cutting jobs to reduce costs. Senior positions will see personnel changes, including the departure of Patrick Kwan, head of investment banking, to be succeeded by Jwalant Nanavati. The changes are set to take effect on July 17th. Nomura achieved annual profit growth for the first time last year, but institutional business costs remain high, prompting the company to seek growth in other areas
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