Cactus Raazi, the global head of spread product sales at Nomura, who gained notoriety two years ago following the publication of a US Senate committee report into the financial crisis, is in talks over his future with the bank, Financial News can reveal.

Raazi joined Nomura from Goldman Sachs in July last year as global head of credit sales, in what was considered, at the time, to be a significant coup for the Japanese bank. In March, Nomura named him global head of spread product sales, following a reshuffle in the fixed-income unit, and he joined the bank's fixed-income management committee.