Japanese financial services giant Nomura has a void to fill in its foreign exchange unit in New York, following the departure of one of its key players, veteran Jason Pealy.  Mr. Pealy worked at Nomura for nearly eight years and relinquishes a role of Vice President (VP) and FX Options Trader with immediate effect.

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Mr. Pealy originally joined Nomura back in September 2009, having worked in New York as its VP and Senior FX Options Trader. During his tenure with the group, he focused on G-10 FX options trading and Nomura’s market making capabilities, a position he held for his entire time with the company.

His time at Nomura constituted the bulk of his career. He previously worked at Bank of America between 2006 and 2009. While there he held the role of Associate of Global Rates, Currencies, and Commodities. He also focused exclusively on FX options trading and market making with the lender, which paved the way for his eventual role at Nomura.

Nomura’s business in the US has been fairly stable in recent months, as the bank has been devoid of any major announcements of job cuts or large personnel moves. Rather, it is Nomura’s UK business that has been more vocal about its agenda, with specific regard to an exodus out of the country in light of recent developments surrounding Brexit.

Like other global lenders operating in the UK, Nomura has been contemplating moving its operations out of London into continental Europe in anticipation of Brexit. For its part, Nomura has been eyeing Frankfurt or Munich as a post-Brexit base of operations, a move that has placed the group in familiar territory with its peers. Many other banks have been looking at Frankfurt, as well as Dublin, Amsterdam, and Luxembourg, as potential landing spots.