SYDNEY, Jan 17 (Reuters) – Nomura Holdings Inc has cut 18 Asian banking jobs, most of them China-focused investment roles, as a result of a sharp slowdown in trading activities, according to two sources with direct knowledge of the matter.
Japan’s top brokerage and investment bank last week laid off bankers in Hong Kong, Singapore, Malaysia and Taiwan, said the sources, who declined to be named because they are not authorized to speak to the media.
A separate source with knowledge of the move said the cuts were not just for Asia, but also affected Nomura’s international investment banking operations in the United States, Europe, the Middle East and Africa.
“2022 saw a material deterioration in global investment banking fee pools and as a result we had to reduce staff in certain areas,” a Nomura statement said. (Reporting by Selena Li and Scott Murdoch; Editing by Sumeet Chatterjee and Tom Hogue)