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Report: Nomura to cut jobs in Europe to curb losses; shifts focus on US market

Dec 31, 2018 - SNL European Financials Daily
Organizational Restructuring

Nomura Holdings Inc. is planning to reduce staff at its European operations as it redirects its focus to more profitable hubs in Asia and the U.S., media outlets reported Dec. 27, citing CEO Koji Nagai.

The Japanese securities firm has been struggling to generate profits in Europe, and is looking for ways to cut costs and reverse losses, Bloomberg News reported.

Nagai said the region's 3,000 staff may be "a little large" given Nomura's plan to end the London office's status as a glob...