The head of a unit within Japanese investment bank and brokerage firm Nomura Holdings is set to leave the firm.
Bloomberg reported that Christian Dalban, who oversees a team of traders who use firm capital to make bets on markets, is negotiating his departure as Nomura contemplates shutting the department.
Dalban joined Nomura in 2010 from hedge fund firm Millennium Management.
The article also said that more than 20 jobs were cut in Nomura's trading unit in its New York, London and Hong Kong offices last month. The firm started cutting traders last year as part of its plan to cut costs by $1 billion.