The downturn in the stock market in 2022 will affect the income of investment banking business, and Nomura will also start layoffs.

(Reuters)

[Financial Channel/Comprehensive Report] News of investment bank layoffs came out again in the financial industry. According to people familiar with the matter, Japan’s Nomura Financial Holdings (Nomura) downsized its Asian banking business last week. It is reported that Nomura laid off 18 employees this time, most of them They are all employees responsible for investment in China.

"Reuters" reported that Nomura said that due to the sharp drop in investment banking business revenue last year, it decided to reduce manpower. According to Refinitiv data, in addition to Japan, the process of Nomura's business promotion in other parts of Asia does not seem to be smooth. Last year's business revenue was only 3.42 billion US dollars. (approximately NT$103.6 billion), far below the US$9.4 billion (approximately NT$284.8 billion) in 2021.

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Due to the generally poor performance of the global stock market last year, which impacted the financial industry, and the Asian region was the first to bear the brunt, the report pointed out that Nomura will lay off 2 to 3 employees in each department for the equity capital market, debt capital market, corporate financing, and business in Southeast Asia. However, nearly 25% of Chinese employees were laid off.

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