Nomura’s macro trading business has had its fair share of senior departures in 2026. Many left after bonuses, some left before. Mathias Berenger, a rates options trader, left in February after five years at the bank. Following a six month absence, he’s back with a hedge fund.
💥Follow us on WhatsApp for news alerts.💥
Berenger joined Capstone Investment Advisors in London as a portfolio manager. He has held a number of very senior roles in both banks and hedge funds; he was head of US volatility trading at Citi and head of European vanilla options trading across both Credit Suisse and Barclays. He also spent time as a portfolio manager in both Capula and H2O Asset Management.
The FCA register shows that Berenger was a material risk taker for Nomura’s UK business from 2021 to 2023. The bank declined to comment, but it appears that he worked for Nomura in an office outside the UK for the latter half of his tenure.
Other senior departures from Nomura’s rates team include Hoe Lon Leng, the bank’s global head of FX and flow rates trading. He joined Singapore macro fund Modular Asset Management, a spinout of Millennium. As we’ve noted in the past, Nomura staff are particular desirable among hedge funds as they’re encourage to take more proprietary risk
Have a confidential story, tip, or comment you’d like to share? Contact: WhatsApp: http://wa.me/442079977910 (+44 20 7997 7910), Telegram: @AlexMcMurray, Signal: @AlexMcMurrayEFC.88 Click here to fill in our anonymous form, or email editortips@efinancialcareers.com.
Bear with us if you leave a comment at the bottom of this article: comments are moderated intermittently 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. You must take sole responsibility for comments you post on this site. We will take reasonable steps to weed out anything that we consider to be offensive or inappropriate.