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Nomura Distressed Bond Trader Barlow Departs From Bank

Nomura Holdings Inc’s main distressed-debt trader in London, Shaun Barlow, has left the Japanese brokerage, according to people familiar with the matter.

Barlow’s exit is linked to Nomura pulling back from distressed-debt trading, one of the people said, asking not to be identified because the details are private. He has worked in Nomura’s London office since 2014, according to Financial Conduct Authority records. He returned to work in February after the bank cleared him of wrongdoing following a probe into mispriced bond positions.