Japan’s Nomura has reportedly offloaded a handful of investment bankers in Hong Kong, including those focused on China-related deals.
Nomura has laid off about 10 investment bankers in its Hong Kong office, according to a «Reuters» report citing unnamed sources.
The cuts involve both junior and senior bankers, including managing directors and executive directors. Some of the cuts involve those focused on China-related deals.
Various global banks have been downsizing their Asia investment banking businesses in the midst of a dealmaking slowdown in the region. Earlier this month, UBS reportedly axed 7 percent of its global banking unit in Asia, mainly for China-focused roles based in Hong Kong.
