Once, we said that Nomura traders are particularly suited to work in hedge funds. This is because they are particularly used to taking proprietary risk. Accordingly, many leave for this destination.
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This year, Nomura’s macro business appears to have lost a lot of macro traders, particularly in Singapore where it has coincidentally also hired a lot of traders from ANZ.
Now, macro traders are also leaving Nomura’s other offices. Nomura isn’t commenting, but sources say that Lynn Xie, a director-level US dollar options trader in New York has vanished. So has Lim Jia Cong, an MD on the same desk. The destination of both is unclear.
In London, Lorenzo Chiesa, a junior on the FX options desk has also left. He has joined Citadel to trade FX vol, relative value and macro. Sam Green, an executive director on the London rates options desk, also left in August according to the FCA register.
Macro insiders at Nomura say the departures reflect their popularity with hedge funds. One suggested that Citadel likes to hire them. Maja Vengust and Radwan El Chab also left Nomura’s London macro business for Citadel last year.
It’s not just macro traders. In an internal memo sent last week, Nomura explained that Aleem Jivraj, its global markets COO, has been replaced with Varun Luthra, a risk manager who has worked for Nomura for nearly 20 years. Jivraj has gone to Balyasny.
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