Witold Bahrke has left his role as an asset-allocation strategist at Nomura Holdings Inc., according to a person familiar with the matter.

Bahrke had joined Nomura’s London office in October 2014 from PFA Asset Management in Copenhagen.

Nomura is cutting fixed-income and credit-derivative positions at its global markets operation in London, Bloomberg reported earlier this month. The job reductions were among the deepest since the Japanese bank completed a $1 billion cost-cutting program in September 2013.

The Tokyo-based firm is seeking to end four years of losses abroad as it rebuilds businesses outside of Japan.

A Nomura representative declined to comment.

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