The departure of co-head of investment banking, Asia ex-Japan, Colin Banfield from Nomura leaves the firm’s business in the region being run by a man with no track record there. Banfield, who has been hired by Citi to run its M&A business in Asia, held that same role at Lehman Brothers and then Nomura before being promoted along with co-head Patrick Schmitz-Morkramer to run the Japanese firm’s investment banking business in Asia when previous head Glenn Schiffman moved to the US to oversee Nomura’s business there.
Now Banfield’s departure leaves Schmitz-Morkramer in sole charge of Nomura’s Asia-ex Japan investment banking business. Schmitz-Morkramer was, until he took up the role in Asia, Nomura’s co-country head in Germany, as...
