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Nomura recruits Tom Scholar, former top Treasury official, as Europe chair

Scholar heads to banking after shock exit from Treasury's top table

Nomura hopes to cash in on government expertise again
Nomura hopes to cash in on government expertise again Photo: Richard Baker/Getty Images

The Treasury’s former top civil servant Sir Tom Scholar is set to join Nomura as Europe chair.

Scholar was fired as Treasury permanent secretary on the first day of Liz Truss's tenure as Prime Minister as she looked to force through a radical shake-up of how financial services were governed and tear down the "orthodoxy" holding back the Treasury. He received £335,000 in severance.

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