The end of the year is just around the corner, and it appears that two former traders at Nomura have bagged themselves new jobs just in time for Christmas at Morgan Stanley and Deutsche Bank.
Waleed Haram, a former emerging markets trader at Nomura, has taken on a new position at Morgan Stanley this month, according to his LinkedIn profile. He is working in EM trading as a director, based in the United Kingdom.
The move from Haram ends is nine-year-tenure at Nomura, originally joining the Japanese financial giant in 2009. Prior to this, he was a Partner at Emerging Economies Research LLP (“E2 Research”) from 2002 up until 2009.
During his career, he has also been the Head of Corporate development at Skandia, a long-term savings and investments product provider. He was also an associate at Bain for two years and an Assistant Director at ABN Amro.
Is a Deeper Stock Market Correction Imminent?Go to article >>
Ioannis Sokos, on the other hand, has joined Deutsche Bank as a Director for Fixed Income Research. He joins the German firm at a rather tumultuous time, with the bank currently being investigated for money laundering and shares near record lows.
At Nomura, Sokos was in an identical role working in Fixed Income, joining in August 2017. Before working at the Japanese firm, he was an Interest Rate Strategist at BNP Paribas from September 2007 until August 2017. In this role, he was based in the United Kingdom.
Nomura loses Fred Jallot to Jefferies
However, the wave of traders leaving Nomura isn’t just limited to Sokos and Haram, with Finance Magnates reporting that Fred Jallot, the former global head of emerging markets for Europe, the Middle East and Africa (EMEA) at Nomura, was joining the Jefferies Group, an investment banking company.
In his new role, Jallot will be the head of European fixed income in London. He will begin his new position with Jefferies on January 2, 2019, and will report to Fred Orlan, the Global Head of Fixed Income at Jefferies, in New York.
Although it may seem that everyone is leaving Nomura, the bank has also been adding new members to its team in recent months. Just on Monday, we reported how the broker had appointed Arif Merali as its new head of swaps trading and a managing director of its London operations.