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Nomura Said to Ask Traders El Khoury, Slezack to Depart Firm

Nomura Said to Ask Senior Traders El Khoury, Slezack to Depart
A pedestrian traffic light hangs in front of the Nomura Holdings Inc. headquarters in Tokyo. Photographer: Kiyoshi Ota/Bloomberg

Nomura Holdings Inc. asked two managing directors on the equity trading desk including Jean El Khoury to leave the Japanese firm yesterday, said a person with knowledge of the matter.

El Khoury was the head of equities trading for Asia excluding Japan, while Emmanuel Slezack was head of index flow derivatives trading for the region, said the person, who asked not to be identified because the matter is confidential. Both men were based in Hong Kong.

Nomura is overhauling the team on the trading desk after hiring Yasuhiro Fujiwara, a former Bank of America Corp. veteran, as head of equities for Asia ex-Japan, the person said. Fujiwara has also taken on the role of head of equity derivatives trading for the Asia-Pacific region, according to a memo obtained by Bloomberg News last month.

Felicity Albert, a spokeswoman for Tokyo-based Nomura in Hong Kong, declined to comment on the departures. Slezack didn’t answer calls to his office in Hong Kong yesterday, and a person who answered El Khoury’s phone said he no longer works there. Reuters reported El Khoury’s departure earlier.

Japan’s biggest securities firm said in September it’s reorganizing the equities division into three segments, with overseas execution services to be wrapped into its independent Instinet unit, the brokerage it acquired in 2006. The bank last month hired Shaun Bramham as chief executive officer of Instinet’s Asia-Pacific business.

Shares of Nomura fell 1 percent to 766 yen as of 11:41 a.m. in Tokyo trading today. The stock has gained 52 percent this year.

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