Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Nomura Senior Exec Said to Quit

Feb 03, 2013
Jing Chen

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.

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