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Bloomberg reports that the securities firm will increase fixed-income headcount in Asia, the Americas and Europe, Chief Operating Officer Atsushi Yoshikawa said at a meeting with investors in Tokyo Wednesday. He didn’t give numbers or a timeframe.

Nomura has said that it plans to increase fixed-income sales staff outside Japan, even as it continues to cut costs.

Nomura has been focusing on fixed income to drive a profit recovery outside of Japan as Chief Executive Officer Koji Nagai implements his $1bn cost-reduction program.

The bank posted a pretax loss abroad last quarter even as a domestic stock market boom fueled fees and commissions that helped to generate the highest net income in seven years.

Yoshikawa said sales staff will be added in areas including interest rates, credit, currencies and securitized products. 'We’re often faced with a shortage of staff to reach clients' including hedge funds, he told reporters.

He said that Nomura will strengthen investment banking in the U.S. by bolstering coverage of the health and technology industries. The company will hire if it finds any good bankers as “there are business opportunities,” he added.

Hit the link below to access the complete Bloomberg article:

Nomura to Increase Fixed-Income Staff Abroad While Cutting Costs

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