Mark Leahy leaves Nomura as cuts reach Asia

Mark Leahy “It shouldn’t escape anybody that the industry is over capacity

Mark Leahy, Nomura’s Asia ex-Japan head of debt origination and syndication, is leaving the bank as part of its plan to cut $1 billion of costs from investment banking, announced at the start of the month.

Nomura’s troubles are well-known, but news of Leahy’s departure nevertheless came as a surprise to the market on Friday when reports first surfaced. He is an experienced and respected figure within the industry, and was previously head of debt syndication at Deutsche Bank, which he left in early 2009. He joined...