Nomura said to cut in equities

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Nomura cut about 12 jobs at its Asia equities division in Hong Kong to trim costs and focus on more profitable businesses, said a person with knowledge of the matter.

Bloomberg News reports that Yasuhiro Fujiwara, 47, Asia ex-Japan head of equities, and Vincent Yam, a Managing Director of equity derivatives in the region, confirmed their departures by phone Tuesday.

The reductions by Japan’s biggest brokerage included three Managing Directors, the person said, asking not to be identified because the matter hasn’t been publicly announced.

To access the complete Bloomberg News article hit the link below:

Nomura Said to Cut 12 Asia Equities Jobs; Fujiwara Exits

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