The bank is cutting down its flow trading, foreign exchange, and emerging markets desks globally following its worst results for over a decade.
Japanese bank Nomura is cutting 103 jobs globally with the majority of cuts coming out of the lender's London office. Staff will be told their fate today.
Nomura will also trim its Japanese retail bank branch network after it posted its worst results since the financial crisis in January. The bank's flow trading operations in EMEA comprises roles in Nomura's global markets team that includes equities, fixed income, and currency trading, the majority of which is based in London.
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