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More Nomura exits named, amidst claims that some are on holiday

Nomura fixed income redundancies

When you don't know you've been laid off

Names are slowly filtering out following Nomura’s unexpected dismissal of 60 people from its London fixed income trading division yesterday. Bloomberg already reported the exits of several senior high yield traders, but headhunters say they’re just the tip of the iceberg. The departures are also said to include:

Eric O’Hayon – a managing director in credit sales, who joined from Morgan Stanley in April 2013.

Sarah Mobbs – a senior associate in high yield sales who joined out of university in 2009 and said she, “fell in love with sales immediately.”

Ziad Sayegh – a vice president in credit sales to the UK, who joined from Lehman Brothers.

Grant Aidoo Nash – a vice president in credit sales to the UK.

Jason Harwood – head of European financials trading, joined from J.P. Morgan in 2008.

Ralph Boumalham – a loans trader who joined in 2010.

Rik Fennema – head of the EMEA Credit Research Analyst team, joined from Lehman.

Nomura declined to comment on the cuts and the exits have yet to appear on the FCA Register, but none of the individuals above were available when we called the switchboard.

Chris Derry, the head of high yield credit trading in London; Shaz Amir, a credit and high yield trader; Karan Anand, another high yield trader; and Bilal Khan and Duncan Lake, both analysts, have also been laid off according to Bloomberg.

Headhunters note that some of those whose services are deemed no longer necessary only joined Nomura recently. Lake came from SocGen in November 2014,  Anand came from BNP Paribas in January 2015. Worse, they claim some of the 60 people laid off by Nomura are on holiday and remain unaware of their fates.

(Photo credit: Matt JP)

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