Sales and trading staff leaving Nomura as part of the bank’s pullback in European equities will likely find it easier to take the well-trodden path into hedge funds than their fixed-income cousins at rivals, according to headhunters.

On April 12, Nomura confirmed large cuts to its markets workforce as part of a decision to largely pull out of equities trading in Europe, a business it acquired as part of its 2008 acquisition of Lehman Brothers' operations in the region.