Stephane Marchand is moving up,Nomura has parted company with several members of its European prime services division as it retreats from carrying out cash prime brokerage in Europe.
The bank has made a handful of redundancies in its European prime brokerage business over the past month. This followed a wider review of the equities division instigated by Benoit Savoret, who joined Nomura as joint head of global equities earlier this month. According to a person close to the bank, the departures in prime brokerage are part of 25 to 30 redundancies in equities across research,... Read more ›Was this review helpful? 0 0 2.5