Nomura experienced another Singapore macro resignation
As you will know if you pay careful attention to eFinancialCareers, macro hiring in Singapore is in a state of high excitement. Various banks have been losing people. They include Nomura.
The latest Nomura exit is understood to be Agrim Singh, an emerging markets macro trader who we believe may be on his way to JPMorgan. JPMorgan did not confirm this. Nor did Singh, Nomura declined to say anything on the subject.
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Singh spent a little over two years at Nomura after joining from Barclays. He is the latest in a series of exits from Nomura's macro business since bonuses were paid in April. By our estimation at least 11 people have moved on.
The precise reason for the departures is not clear, but Nomura's Asian markets business is under new management from ANZ and it's possible that people are not pleased with this. There are also rumblings that sales bonuses might have been lower than hoped.
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