Nomura Loses 20 Investment Bankers in Asia After Bonus Payouts
- Departures of mostly junior bankers came after bonus payouts
- Global banks struggle to retain young bankers during pandemic
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Nomura Holdings Inc. lost about 20 mostly junior investment bankers in Asia after bonus payouts in May, adding to a stream of departures from Japan’s biggest brokerage as financial firms vie for talent in the fast-expanding region.
The resignations, which all were outside of Japan, also included senior bankers Thomas Batt, the head of Asia ex-Japan equity capital markets; Alexandra Tong, the head of Greater China equity capital markets, said people familiar with the matter, who asked not to be named because the information is private. Tong confirmed her departure. A Hong Kong-based spokesman for Nomura declined to comment.