Nomura banker sprints out of Hong Kong to start-up

Two of Nomura’s equity capital markets bankers in Hong Kong have joined the growing exodus out of the industry.
Thomas Batt, Nomura’s of capital markets and solutions for Asia ex-Japan, has left to become CFO of Paceline in London. Paceline which has just completed a Series A fundraising, describes itself as the “first ever fitness rewards platform that adds financial benefit to your physical activity.”
It’s not known what the financial benefits are to Batt’s own physical move, but he joins an increasing number of senior bankers who are quitting banking for a more entrepreneurial challenge and the prospect of more upside than they can earn in banking. “Banking compensation will never come back to pre-global financial crisis levels. There's greater risk’/reward at a start-up and there will be more departures like this from across the street” said one source in Hong Kong

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