Nomura cut around 30 jobs in its Asia ex-Japan equities business this week, the latest investment bank to cut costs in the region, a source familiar with the situation told FinanceAsia on Thursday.
The job losses in Asia follow much deeper cost cuts in its European and US operations announced earlier this week as the Japanese brokerage looks to stem years of losses at its overseas operations.
Nomura is not alone in its efforts to slim down in Asia. Thursday's job cuts follow a much deeper retrenchement by Barclays and Standard Chartered from the region since last year.
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