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Nomura to axe ex-Lehman staff
Tue, Nov 18, 2008
Reuters

NEW YORK, USA - NOMURA Holdings will lay off dozens of former Lehman Brothers Holdings employees because it could not find suitable positions for them, Japan's Nikkei financial daily reported.

The Japanese brokerage took on 8,150 employees from Lehman, including 2,600 from its Asia-Pacific operations, 2,650 from its European and Middle East units and 2,900 from its information technology division in India, Nikkei reported on its website.

The report said about 30 employees who transferred from Lehman Brothers Japan were expected to leave Nomura.

The report said Nomura hired more than 20 former Lehman equities division employees in the United States from UK-based Barclays, which acquired Lehman's North American operations.

According to the report, a source at Nomura told Nikkei there were an increasing number of former Lehman employees in the United States eager to transfer their teams to Nomura.

 

 
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