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Regional head of equities quits Nomura

Date: 08 Mar 2010

Sigurbjorn Thorkelsson resigned last week as head of Nomura’s regional equities business in Hong Kong, the latest in a string of senior departures from the bank. Nomura also announced a management reshuffle today.

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Aaron Pan
Nomura’s Asia-Pacific head of equities Sigurbjorn Thorkelsson quit last week in the latest senior departure from the firm, asiamoney.com can reveal.

The 43-year-old had been managing director and head of the bank’s regional equities business in Hong Kong after Nomura bought the Asian and European assets of failed US investment bank Lehman Brothers in September 2008.

But the Japanese bank may need to brace itself for further departures after this month paying the final tranches of two-year bonus guarantees that it handed out to retain key Lehman executives following its acquisition.

“Thorkelsson has spent the last year-and-a-half giving the hard-sell about Nomura’s new equities business in Asia, yet as soon as he receives his bonus he quits,” a senior industry source told asiamoney.com.

“It doesn’t look good for Nomura and it’ll be no surprise if more senior bankers follow suit....

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