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Wednesday, 18 October 2017

P&M: Nomura taps Chung and Oxlade to head merged credit teams

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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.

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