Nomura Holdings, the Japanese brokerage firm, has restructured its global finance team for Asia ex-Japan to allow divisions to focus on core areas.

The investment banking and fixed income units will be represented by two main streams: debt origination, which includes debt capital markets, private placements, leveraged finance and private financing, and risk solutions.

As a result of the reorganisation, Mark Leahy, head of debt syndicate and debt origination for Asia ex-Japan, will be leaving the firm. The Singapore-based executive will be with Nomura Holdings until 28 September. It is not known to where he is moving.

Taking over as head of debt origination for Asia ex-Japan is Djamal Attamimi, who reports to Daniel Mamadou, the head of global finance for Asia. Clayton Carol will assume the position of head of debt capital markets for the region, reporting to Attamimi.

Chris Chan becomes the head of risk solutions and treasury services, Asia ex-Japan, reporting to Mamadou. Andrew MacGonigal takes the role of head of debt origination and solutions for the Australia business, also reporting to Mamadou.

The moves are in line with a cost reduction effort, which aims to bring expenses down by US$1 billion. Nomura took a hit in 2008 after purchasing some of the European and Asian businesses of failed firm Lehman Brothers Holdings. The revamp is part of its rebuilding strategy.