Some former Nomura traders seem to have played their summers right. After the Japanese bank changed its strategy in April 2019, two have just arrived in new jobs at U.S. investment banks which rank several tiers above their previous employer.
Idriss Amor, a former structured rates trader at Nomura, who left the bank in April, just turned up at Bank of America, where he will work on the emerging markets rates trading desk.
James Wilson, the former head of financials trading at Nomura, who left the Japanese bank in June, has just turned up at JPMorgan, where he will be an executive director in investment grade credit trading.
Neither bank responded to requests to comment on the new hires.
Nomura decided to either "optimize" or "downscale" its rates, G10 FX and emerging markets desks when it changed its strategy in April. Various Nomura traders have been on the market or looking for new jobs since. Wilson and Amor have presumably had the summer off, until now.
The 2,181 staff at Nomura’s International business earned an average of $271k each in 2018. This was down from $316k the previous year – a drop of 14%.
Nomura ranked outside the top 10 for G10 rates and credit trading in 2018, according to Coalition. Bank of America and JPMorgan ranked seventh and first respectively.
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