Eighteen months after buying the European and Asian business of Lehman Brothers, Nomura seems to be still trying to work out a suitable structure as it struggles to hold on to staff. In March, the firm announced several departures, senior management moves and the combination of its wholesale banking and trading businesses under one new head.
Jesse Bhattal, the former head of Lehman Brothers Asia, who stepped back to a purely advisory role for Nomura after the takeover, has been named as president and COO of the combined units, which include investment banking, equities and fixed income globally.
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