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Nomura s Prime Brokerage Pullback Deals Blow to Global Ambitions

Nomura’s Prime Brokerage Pullback Deals Blow to Global Goals Bloomberg 7 mins ago Steven Arons, Bei Hu and Takashi Nakamichi © Bloomberg Nomura Holdings Headquarters As It s Loss Warning Is Said To Be Tied To Archegos Selloff (Bloomberg) Just weeks after Nomura Holdings Inc. vowed to push ahead with its global ambitions, unswayed by deep losses from the implosion of Archegos Capital Management, the firm is pulling the plug on a chunk of its hedge fund business. Popular Searches Japan’s biggest brokerage will stop offering cash prime-brokerage services in the U.S. and Europe, and has given some clients about six months to find a new provider, according to people familiar with the matter, who asked not to be identified discussing the private information. A spokesman for Nomura declined to comment.

United statesKentaro okudaPatrick mcgarryJoshua kurekChristopher willcoxDougal brechAndy mukherjeeNintendo coGlobal bank archegos hit to overCredit suisse groupRakuten group incNomura holdings incNomura holdingsArchegos capital managementBill hwangChief executive officer kentaro okuda

nomura: Nomura s prime brokerage pullback deals blow to global goals

nomura: Nomura s prime brokerage pullback deals blow to global goals
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United statesShin tamuraKentaro okudaPatrick mcgarryJoshua kurekChristopher willcoxDougal brechNintendo coCredit suisse groupJustice departmentRakuten group incNomura holdings incNomura holdingsArchegos capital managementBill hwangChief executive officer kentaro okuda

Banks losses from the Archegos Capital implosion soars past £7bn

Japan s Nomura revealed a £2.1bn hit yesterday and suspended its head of prime brokerage, Dougal Brech. UBS also unveiled a £619m Archegos loss. Credit Suisse has already admitted a £3.9bn hit.

Dougal brechMorgan stanleyCredit suisseGoldman sachsWells fargoArchegos capitalBill hwangMo neyடூகல் பிரேக்மோர்கன் ஸ்டான்லிகடன் ஸ்யூயிகோல்ட்மேன் சாக்ஸ்கிணறுகள் ஃபார்கோர சி து ஹ்வ்யாஂக்

Nomura Suspends Executives, Replaces Risk Head Post-Arc

Dougal Brech, global head of the prime-brokerage division that caters to hedge funds, has been suspended along with U.S. prime head Joshua Kurek and co-head of global equities Michael Caperonis, people familiar with the matter said. Douglas Lyons, global head of credit risk, will stay at the Tokyo-based firm but will be replaced by Patrick McGarry, said the people, who requested anonymity as the details aren’t public. Nomura is among several global banks shaken by transactions with Archegos, an obscure investment firm set up to manage the fortune of trader Bill Hwang. Japan’s biggest brokerage, which lost some $2.9 billion on its dealings with Archegos, has hired external lawyers to conduct a “comprehensive, impartial review,” according to a presentation to investors Tuesday, and appointed a new head of its U.S. subsidiary earlier this week.

City ofUnited kingdomAoife reynoldsDouglas lyonsDougal brechMichael caperonisKentaro okudaMichael makdadPatrick mcgarryJoshua kurekChristopher willcoxBloomberg television onMorningstar incChief executive officer kentaro okudaWall streetBloomberg television

Banks losses from the Archegos Capital implosion soars past £7bn

Banks losses from the Archegos Capital implosion soars past £7bn
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

Dougal brechMorgan stanleyCredit suisseGoldman sachsWells fargoArchegos capitalBill hwangடூகல் பிரேக்மோர்கன் ஸ்டான்லிகடன் ஸ்யூயிகோல்ட்மேன் சாக்ஸ்கிணறுகள் ஃபார்கோர சி து ஹ்வ்யாஂக்