People Moves
Nomura Faces Two More Resignations From Ex-Lehman Bankers
Nomura Holdings lost two more of its senior executives a few
weeks after the firm paid out the bonuses it assured to former
Lehman Brothers employees when it took over the New York
brokerage in 2008, Reuters reports.
Jane Wang, the vice chairman of China investment banking, and
Goeffrey Feldkamp, the head of equity capital markets for
Asia Pacific ex-Japan, have reportedly resigned.
The company had offered guaranteed bonuses to Lehman staff when
it acquired the business two years ago, in an attempt to retain a
large number of the latter's existing manpower for at least two
years. Market observers had predicted an exodus of ex-Lehman
bankers once these pay outs had been completed.
Ms Wang's and Mr Feldkamp's departure come on the heels of Asian
head of equities
Siggi Thorkelsson's and co-head of fixed income
Thomas Siegmund's departures this month - both ex-Lehman
bankers. The Japanese brokerage had also announced major changes
to its senior management team last week as part of its annual
review, as reported by WealthBriefingAsia.
Nomura has declined to comment on the latest departures.