This is the third instance of a departure and closure of FX desks from London in the past few months as several banks are restructuring their FX business. Nomura recently hired a new FX head for its Latin American markets, a popular destination for business over the past year.
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In its most recent moves, Nomura has lost personnel in its emerging markets spot trading, G-10 markets and FX sales. It is unknown where any of the aforementioned individuals are headed, only that their contracts in the London office were terminated.