Ex-Nomura exec sues for unfair dismissal

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Yang Zhizhong, the former Asia ex-Japan chairman of investment banking at Nomura, is seeking $4m in damages from the Japanese brokerage claiming he was unfairly dismissed.

Bloomberg News reports that Yang, who left last Nomura year, is seeking compensation in Hong Kong’s High Court for loss of salary, unvested bonuses and other payments as a result of his exit from the firm, a court document said.

The claim, alleging “dismissal without any valid reason,” was first filed with the city’s Labour Tribunal in December before being transferred to the High Court in March, according to the document.

Hit the link below to access the complete Bloomberg News article:

Former Nomura Investment Banker Sues for Unfair Dismissal

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