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Nomura cuts 30 City bankers amid dealmaking slump

In London, around 10% of its dealmaking team — or 30 people — have been put at risk of redundancy, according to people with knowledge of the matter

10% of Nomura's London dealmaking team have been put at risk of redundancy
10% of Nomura's London dealmaking team have been put at risk of redundancy Photo: Ashok Saxena / Alamy

Nomura has axed around 30 dealmakers in the City as part of a broader move to trim its international investment bank as fees have slumped.

The Japanese bank has become the latest firm to react to a decline in dealmaking, rolling out job cuts across its operations in Europe, the US and Asia Pacific, according to people with knowledge of the plans.

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