P&M: Nomura taps Chung and Oxlade to head merged credit teams
Nomura has combined its European credit teams across trading and sales as it streamlines its operations following a number of cuts, banking sources said on Thursday.
Executive director Peter Chung will head up the newly merged high-yield, loan and distressed trading desk, while Nomura’s head of flow credit sales Nick Oxlade will head up the newly merged high-yield, loan and distressed sales team.
Both Chung and Oxlade are based in London.
The changes come after Nomura cut 60 people from global markets in London, following a business review, in response to less favourable market conditions and new regulations that make somre business areas less profitable.