Wednesday, 27 August 2014
Last updated 9 hours ago
Apr 1 2011 | 12:25pm ET
Nomura Holdings has made deep cuts to its European prime brokerage team as it refocuses its efforts on the U.S. and Asia.
At least five top members of its European prime brokerage team have left the firm, part of a wider series of 25 to 30 redundancies across Nomura's European equities business. The cuts come as Nomura reduces its cash prime brokerage business in Europe, where it has struggled to compete, and fall particularly hard on sales and capital introductions staff, Financial News reports.
Among those losing their jobs are Matt Pinnock, co-head of prime services in Europe, the Middle East and Africa. Pinnock's co-head, Jeff Zoreck, remains at Nomura.
Also leaving is recent hire Martin Beeche, who was named European head of prime services origination in October, with a guaranteed pay package of over US$1 million.
In addition, Stu Park, head of European capital introduction, John Southgate, a member of the cap. intro. team, and Marianne Scordel, a member of Beeche's origination team who also joined in October, have also left. And Florent Josset, global head of capital introduction, has been moved into fund-linked distribution.
The exits leave only junior staffers on Nomura's European cap. intro. and originations teams.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...