Discover your dream Career
For Recruiters

Nomura tops up its Hong Kong team in spite of 2023’s cuts

Nomura might have cut back its Hong Kong team at the start of the year, but that doesn’t mean there isn’t room to expand through it.

One of the people in that expansion is Sachin Tulshyan. Tulshyan joined Nomura last Thursday as a Managing Director (MD) in the Asia ex-Japan (AEJ) equity products team. He had spent 16 years at Citi before that, having joined as a VP in the bank’s equity derivatives trading team. Tulshyan was made an MD in 2021, and was working the India & emerging markets trading desks before joining Nomura.

Nomura’s cuts in Hong Kong earlier this year mostly hit its investment banking team, from what we’ve seen. That’s understandable; after a poor 2022 for M&A and capital markets opportunities, it’s not looking like 2023 will be bringing them back. Traders, however, are still very much in business – there’s a reason hedge funds are seeing a “feeding frenzy” for talent. Tulshyan certainly fits the bill.

It’s not just Tulshyan that’s joining Nomura in the city, either. The bank has signaled its intent to add over 40 new relationship managers to its AEJ private banking offering.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance.

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORZeno Toulon

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
China Life Franklin Asset Management Co., Ltd
Analyst – Fixed Income & Derivative
China Life Franklin Asset Management Co., Ltd
Hong Kong
Recruitment Intelligence Consultants Limited
MACRO ANALYST
Recruitment Intelligence Consultants Limited
Hong Kong
Man Group plc
Portfolio Manager (Macro)
Man Group plc
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.