Daiwa is latest firm to cut jobs in debt capital markets division
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Hong Kong
JAPAN'S second largest brokerage Daiwa Securities Group Inc has become the latest financial firm in Asia to reduce its presence in the region's debt capital markets by cutting jobs.
The Japanese firm has cut six jobs in its debt capital markets division in its Asia ex-Japan business, according to bankers with knowledge of the situation. Departures include executive directors Larry Temlock and Zac Yu while Jonathan Jackson, the head of Asian debt syndicate ex-Japan, was reassigned to London in December.
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