Nomura High-Yield Trading Head Sandor Hau Said to Leave Firm

Sandor Hau, the head of Nomura Holdings Inc.’s high-yield debt-trading desk in New York, left the Japanese bank, according to people with knowledge of the matter.

Trader David Austen also left the group, which trades high-yield and distressed debt, this week, said the people, who asked not to be named because the move wasn’t announced. The pair didn’t return phone calls seeking comment.

Other departures in recent weeks include head of credit sales Peter Parent and another credit salesman, Patrick Lenhart, said the people.

Jennifer Will, a company spokeswoman, declined to comment. Parent and Lenhart declined to comment.

The departures add to personnel changes at the Tokyo-based firm. A New York-based team of emerging-market debt traders, including Latin America credit-trading head Adam Groothuis, left Nomura and eventually joined Jefferies Group LLC, people familiar with the situation said during the moves. Earlier this year, the Japanese bank cut a group that was focused on brokering investment-grade debt.

Japan’s largest securities firm on Wednesday reported a pretax loss from overseas businesses in the quarter ending Sept. 30, citing a trading slump and the settlement of a lawsuit with an Italian bank. The bank also decided to wind up London-based Nomura Capital Markets Ltd. in a move that will be completed by March 2020 without any job cuts associated with it.

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