Nomura seems to be having a few problems when it comes to staff retention. The bank has reportedly lost 12 senior employees in the past two months, including global heads, senior traders and salesmen.
Joachim Willnow, global head of equity derivatives sales and trading, Stephano Ghersi, head of debt capital markets, Najib Canaan, global head of fixed income left due to a disagreement with the management style of Barry Nix, The Times reported at the weekend. Eddie Thomas, head of yen trading, Gerard Hart, a managing director on markets origination, and treasurer Carlo Pellerani, were also among those heading for the exits.
The paper also reported that a number of staff are undergoing internal grievance procedures and that several former traders plan to file lawsuits against Nomura in the High Court, and will be seeking seven-figure sums for unfair dismissal and breach of contract.