JPMorgan Traders Said to Leave for Nomura Emerging-Markets Team

ezgif.com-resize (21)Nomura Holdings Inc. is hiring a group of bond traders and salesmen from JPMorgan Chase & Co. to replace part of a Latin America credit-trading team that defected to Jefferies Group last year, according to people with knowledge of the matter.

Bond traders David Matty and Jennifer Wohland, salesmen Augusto Pinto and Vinny Medeiros, and corporate credit analyst Marcela Nagib left JPMorgan this month and plan to join the Japanese bank after completing garden leave, the people said, asking not to be identified discussing personnel changes. More emerging-market hires from other firms may follow, one of the people said. Jonathan Hodgkinson, a Nomura spokesman, and Veronica Espinosa at JPMorgan declined to comment.

Nomura is rebuilding its Latin America debt team after several members, led by Adam Groothuis, left for Jefferies amid efforts by the Tokyo-based bank to restructure debt-trading operations worldwide. In November, Nomura named former Barclays Plc executives Karan Madan and JP Alvarado as managing directors in emerging markets, with Madan leading the Latin America team and Alvarado overseeing credit trading for the region. The firm also named Siobhan Morden as head of Latin America fixed-income strategy.

Source: Bloomberg

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