Nomura Holdings loses 20 investment bankers in Asia: report

The resignations include their head of Greater China equity capital markets.

Japan’s Nomura Holdings saw 20 mostly junior investment bankers in Asia quitting after getting their bonus payout in May, reports Bloomberg, according to people familiar with the matter.

The resignations, all outside of Japan, include the head of Greater China equity capital markets, Alexander Tong. A Hong Kong-based spokesman for Nomura declined to comment.

Global banks are battling to keep junior investment bankers in Asia, where financial technology firms and investment companies can offer a route to faster promotion and the prospects for higher earnings. At Nomura, the attrition was comparable to that in the previous years after bonus payouts, sources said.

Also Read: Growing exodus of junior bankers poses talent shortage for banks in Asia

Nomura has already seen the departure of several prominent bankers in Asia over the past months, including the head of healthcare investment banking, Vijay Karwal, who became the chief financial officer for biopharmaceutical startup AffaMed Therapeutics. Anshul Trivedi, head of Asia equity capital markets syndicate, left earlier this month.

Here’s more from Bloomberg.

Photo courtesy of Lombroso (Wikimedia Commons)