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Foreign Exchange

Nomura’s co-head of FX hedge fund sales leaves

Louis Curran, co-head of FX hedge fund sales at Nomura, has left the bank as part of a series of cuts to its fixed income division as it seeks to save $1.2 billion in expenditure.

Curran ran Nomura’s EMEA FX hedge fund sales desk since late 2009, when he joined the Japanese bank after four years on Citi’s FX hedge fund sales team. Based in London, Curran reported locally to Fabrizio Russo, head of FX sales for EMEA.

Curran had been co-head of EMEA FX hedge fund sales alongside Mark Rossi since February, when Rossi was promoted to the co-head role, a source tells EuromoneyFXNews.  A Nomura spokesperson was unable to confirm this.

Meanwhile, Peter Larsson, an executive director for northern European FX sales has also left the bank.

Also based in London, Larsson reported to Mathijs Peeters, managing director for FX sales in northern Europe. Before joining Nomura in 2010, Larsson had worked at Royal Bank of Scotland and Morgan Stanley.

Nomura ranked 14th for leveraged funds in Euromoney’s 2011 FX survey with a market share 1.42%.

Last year the Japanese bank also won most improved market share, jumping 43 places between the 2009 and 2011 surveys.

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