Saturday, 28 November 2015
Last updated 1 day ago
Dec 17 2010 | 12:47am ET
Just a week ago, Tim Wannenmacher laid out his plans to make Nomura Holdings the dominant prime broker in Japan. Today, he's out of a job.
Wannenmacher has left the bank, where he has served as global head of prime services, Financial News reports. He has worked at Nomura for just over two years, joining the firm along with the rest of Lehman Brothers' European and Asian operations.
It is unclear what led to Wannenmacher's abrupt departure. Just last week, he told Asian Investor of Nomura's plan to become the biggest prime broker for Japanese strategies.
Wannenmacher has been the sole head of Nomura's prime brokerage since May, when he and fellow Lehman executive Gunner Burkhart were named co-heads of the group. Burkhart has since moved on to become global head of senior relationship management.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…