Discover your dream Career
For Recruiters

Now Nomura has put some of its senior technologists' jobs at risk

Japanese bank Nomura might now be building up its credit (and in particular its structured credit) team after making 50 people redundant in July, but this isn't preventing it from making cuts to its trading technology business.

Insiders say that Chris Peake, Nomura's senior software development director and the man previously responsible for the bank's reference data platforms, has been put 'at risk' of redundancy, along with several members of his team. Some are out looking for new jobs already. Nomura declined to comment.

Peake joined the Japanese bank over 10 years ago, after starting his career at Lehman Brothers in London. During his decade at Nomura, he worked as a vice president in equities technology and an executive director in global markets technology. As an executive director with responsibility for reference data platforms, Peake was tasked with ensuring Nomura's data plans were compatible with regulations like MiFID II.

Peake remains at Nomura while his job is at risk. It's usual for employees to look for new roles internally during the at risk period, which can last anything from 30 to 45 days. 

Nomura is reportedly chasing a 25% increase in credit revenues under its new structure. However, it also needs to cut costs after persistent profitability problems in its UK and US businesses.

Have a confidential story, tip, or comment you’d like to share? Contact: in the first instance. Whatsapp/Signal/Telegram also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo: Getty

AUTHORSarah Butcher Global Editor

Sign up to our Newsletter!

Get advice to help you manage and drive your career.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
Sr. Business Analyst - Hedge Fund
Oakridge Staffing
New York, United States
Head of Data Analytics
New York, United States
Selby Jennings
Manager - IT Audit
Selby Jennings
Jersey City, United States

Sign up to our Newsletter!

Get advice to help you manage and drive your career.