Hong Kong: Nomura Holdings has lost two more former top Lehman Brothers bankers, weeks after Nomura paid out its guaranteed bonuses as part of its purchase of the Asian and European units of the New York brokerage, two sources familiar with the process said on Thursday.
Jane Wang, Nomura's vice-chair of China investment banking, and Geoffrey Feldkamp, Asia Pacific ex-Japan head of equity capital markets, have left the company, the sources added.
Nomura had offered assured bonuses to retain a large group of former Lehman Brother employees when Japan's largest brokerage acquired the business in October 2008.
Expectations
Expectations had grown that as two-year guarantees were paid out this month, some ex-Lehman Brothers would leave.
Former Lehman banker Siggi Thorkelsson quit his post as Asian head of equities at Nomura Holdings last week, while another Lehman alumnus, Nomura's co-head of fixed income Thomas Siegmund, quit the bank earlier this month.
Last week, Nomura announced a major shake-up of its top management team as part of an annual review.
Nomura declined to comment on individual resignations.
"Turnover is normal at this point in the cycle and in this industry," a Hong Kong-based Nomura spokesman said.
"We are confident that we have good businesses, a deep management bench and we continue to attract high calibre recruits with extensive experience in the industry," he added.
Nomura said the company had added about 420 permanent staff in Asia ex-Japan between October 2008 through February 2010.
