An ex-MD in Nomura's structured credit business got a new job on the buy-side

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Nomura is supposed to be all about structured credit these days. As we've noted, the Japanese bank is going for a 25% increase in credit trading revenues and has special hopes for structured credit in particular after hiring John Gousias from hedge fund Millennium Capital Management to run credit trading in September.

However, the new Nomura arrivals seem to be rocking the existing boat. The bank already made 50 redundancies in July, but there have been departures in recent weeks too. They include Shaun Barlow, the bank's main distressed debt trader, who reportedly left last week because Nomura is pulling back from distressed debt trading. They also include Juan Grana, a former managing director in Nomura's structured credit business who officially left last month after resigning in June, and who has just turned up on the buy-side.

Grana is now an MD (and seemingly the only employee) at the London office of ArrowMark Partners, a Colorado-based asset management firm with $18 billion in assets. He'll be helping the firm's U.S. team with origination, structuring and oversight of investments, based out of the UK.

Grana isn't the only Nomura escapee to find alternative employment. Omar Ghalloudi, the Japanese bank's former head of flow credit for EMEA joined BNP Paribas last month.

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