Nomura has reportedly lost 20 investment bankers in Asia following bonus payouts in May.
The exits were all based outside of Japan and were at a relatively similar rate with last year’s post-bonus period, according to a «Bloomberg» report citing unnamed sources.
Amongst the investment bankers leaving was Alexandra Tong head of Greater China equity capital markets.
In recent months, the Japanese financial giant has also lost prominent investment bankers Vijay Karwal, who became the chief financial officer for biopharmaceutical startup AffaMed Therapeutics and head of Asia equity capital markets syndicate Anshul Trivedi.
Continued Hiring
Despite the losses, Nomura continues to hire in the region with recent additions like former J.P. Morgan banker Li Gao as head of China financial sponsors in Hong Kong; ex-Macquarie banker Sebastian Jones as executive director for technology, media and telecommunications sector in Singapore; and Ashwin Narang for the India-based debt team.
The bank is also reviewing candidates to replace Karwal and a new group of graduate hires will start in late July, the report added.
