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Nomura to hire bankers abroad after cutting Asia equity jobs

Published Wed, Jan 21, 2015 · 09:50 PM
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Tokyo

NOMURA Holdings Inc's on-again, off-again global expansion is taking another twist with plans to hire investment bankers in the US and Asia even as it trims equity staff in Hong Kong.

Japan's biggest brokerage will recruit about 20 senior bankers to boost its mergers and acquisitions (M&A) business, global investment banking head Kentaro Okuda said. It cut about 12 Asia equities jobs to focus on more profitable operations, a person with knowledge of the matter said on Tuesday.

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