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Nomura to axe 100 Emea jobs in wholesale restructuring

The Japanese bank has been reviewing its international business after a sustained period of underperformance

Nomura to axe 100 Emea jobs in wholesale restructuring
Photo: Photography: Ben Philips

Nomura will cut around 100 jobs in Europe, the Middle East and Africa as part of the latest restructuring of investment banking operations outside its home markets.

The Japanese bank has been reviewing its international business after a sustained period of underperformance that culminated in a ¥81bn ($746m) write-down linked to its global investment banking ambitions at the end of 2018.

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