Finance

Nomura’s European Rates-Swaps Trading Head Leaves in Latest Exit

The Nomura Holdings Inc. logo is displayed outside a Nomura Securities Co. branch in Kawasaki, Kanagawa Prefecture, Japan, on Tuesday, Jan. 29, 2019. Nomura is scheduled to release earnings figures on Jan. 31.Photographer: Akio Kon/Bloomberg

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By Donal Griffin

October 28, 2025 at 11:51 AM UTC

A senior figure at Nomura Holdings Inc.’s rates-trading unit is leaving, the latest departure from what is one of the most important businesses for Japan’s biggest brokerage.

Kilian Frensch, hired from Deutsche Bank AG two years ago to lead trading in European interest-rate swaps, left Nomura in recent weeks, people familiar with the matter said, asking not to be identified discussing personnel. A spokesperson for the Tokyo-based bank declined to comment.