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Nomura Is Hiring Wealth Managers After Years of Staff Overhaul

Livemint

Livemint · 1y ago

Nomura Is Hiring Wealth Managers After Years of Staff Overhaul

Nomura Holdings is experiencing growth in its wealth management division after a major overhaul. The division, which contributes a quarter of Nomura's revenue, has shifted its focus from serving mass Japanese investors to catering to wealthier clients. Nomura is now looking to recruit mid-career talent and is open to potential acquisitions to further expand its wealth business. The company has been revamping its retail division since 2019, consolidating branches and cutting headcount, while also focusing on managing assets and reducing reliance on securities transactions for commissions.

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Chief of Nomura Fixed Income quits days after losses and media report on inflated profits

Economic Times

Economic Times · 3m ago

Chief of Nomura Fixed Income quits days after losses and media report on inflated profits

Ujjwal Kumar, managing director of Nomura Fixed Income Securities, resigned after media reports suggested the company's India unit inflated profits. Nomura Holdings is reportedly investigating the matter, despite their denial of any ongoing compliance probes. Kumar's resignation comes amid published quarterly losses, contrasting with the previous year's profits. The investigation is examining whether profits were inflated through positions marked to theoretical prices instead of actual market liquidity. Kumar had joined Nomura in June 2023.

apple job cuts: Apple cuts dozens of sales roles in major restructuring - The Economic Times

Economic Times

Economic Times · 2m ago

apple job cuts: Apple cuts dozens of sales roles in major restructuring - The Economic Times

Apple has cut several jobs in its global sales division to streamline operations and reduce costs. The layoffs, affecting account managers and briefing center staff for businesses, education, and government agencies, are a rare occurrence for Apple, which typically avoids large-scale workforce reductions. Despite strong revenue growth, the company aims to remove overlapping roles but continues hiring, encouraging affected employees to apply for new positions. Management changes are also underway to enhance efficiency.

InCred Wealth crosses Rs 1 lakh Cr in AUM within 6 years of launch

Entrackr

Entrackr · 10d ago

InCred Wealth crosses Rs 1 lakh Cr in AUM within 6 years of launch

InCred Wealth has grown to over $10 billion, or more than Rs 1 lakh crore, in assets under management. The Mumbai-based firm reached this scale in six years, which market participants attribute to consistent execution and a strong team across leadership and client-facing roles. InCred links its hiring strength to founder Bhupinder Singh’s track record. Singh spent over two decades at Deutsche Bank before founding InCred in 2016. The unicorn status of InCred Finance in 2023 has further added to the group’s credibility with senior professionals and clients. As per the firm, InCred Wealth now has over 700 relationship managers serving family offices, ultra-high-net-worth individuals, and emerging affluent customers. “Beyond conventional advisory, we have expanded access to global and private-market opportunities for our clients, including curated exposure to late-stage private companies, overseas themes, and alternative strategies,” said CEO Nitin Rao in an interaction with Entrackr. Rao has been with InCred Wealth since its inception in 2020. Highlighting InCred Wealth’s approach, Rao said the firm was built “from the ground up” with the aim of bringing global-quality ideas into Indian wealth management. Alongside its domestic business, InCred Wealth has also built an offshore platform, InCred Global Wealth. “We manage more than $3 billion in assets through teams based in Singapore, Dubai, and London,” Rao said.

Law firm JSA hires Zetwerk exec for corporate practice

VCCircle

VCCircle · 1y ago

Law firm JSA hires Zetwerk exec for corporate practice

Law firm JSA has announced the hiring of Rakesh Warrier as a retained partner in its Bengaluru office for its corporate practice. This is Warrier's second stint with JSA, having previously worked there for nine years. He also worked at Zetwerk, a B2B manufacturing services unicorn, for two years. Warrier brings a wealth of expertise in regulatory advisory services, corporate transactions, and general corporate and commercial matters to JSA. The appointment follows the elevation of 10 lawyers to partnership at JSA.

Nomura to give average hike of 16% for younger brokerage staffers

Livemint

Livemint · 2y ago

Nomura to give average hike of 16% for younger brokerage staffers

Nomura Holdings is planning to provide an average salary increase of 16% to its younger employees at its flagship brokerage subsidiary starting April 1. The move aims to retain and motivate new recruits amidst intensified competition. This salary raise will include base wage increments and regular seniority-based raises and will affect Nomura Securities Co. employees with less than three years of service. Daiwa Securities Group Inc. is also considering a pay increase of 7% or more for local employees.

Recruitment Marketing – How To Attract The Right Talent

Inc42 · 1y ago

Recruitment Marketing – How To Attract The Right Talent

Hiring managers struggle to find skilled candidates, and recruiters face the challenge of hiring desired candidates before competitors. An effective employer branding strategy can reduce the average cost per hire significantly. Candidates generally spend around 49.7 seconds scanning job listings to determine suitability.

Startup hiring from campuses to hit the slow lane this year

Economic Times

Economic Times · 2y ago

Startup hiring from campuses to hit the slow lane this year

Leading startups and ecommerce companies in India are expected to significantly reduce campus hiring from the Class of 2024 due to a lack of visibility caused by a funding crunch and layoffs. Recruiting managers and investors predict a 35% decline in campus hiring by startups in 2023 compared to last year. The belt-tightening measures taken by companies are narrowing their hiring funnel.

Britain's Lloyds shake-up puts around 2,500 jobs at risk

Livemint

Livemint · 2y ago

Britain's Lloyds shake-up puts around 2,500 jobs at risk

Lloyds, the largest high street bank in Britain, is set to put around 2,500 jobs at risk as part of a cost-cutting measure, according to a source. The bank plans to begin a consultation with staff in various roles, including analysts and product managers, with the possibility of job cuts after a selection process. The move comes as other banks in the country, such as Barclays, are also looking to reduce costs by slashing jobs.

Ather Energy cuts IPO fresh issue size to Rs 2,626 crore

Economic Times

Economic Times · 10m ago

Ather Energy cuts IPO fresh issue size to Rs 2,626 crore

Ather Energy plans to raise Rs 2,626 crore in its upcoming IPO by reducing the fresh issue size from Rs 3,100 crore. The offering includes an offer for sale by existing investors and promoters. The funds will be used for setting up a factory, R&D, and marketing. The IPO is set to open on April 28. Axis Capital, HSBC Securities, JM Financial, and Nomura are lead managers for the offer.

Norway's wealth fund, Fidelity among anchor investors in Swiggy IPO

VCCircle

VCCircle · 1y ago

Norway's wealth fund, Fidelity among anchor investors in Swiggy IPO

Swiggy, the Indian food delivery firm, has raised $605 million from institutional investors including Fidelity and Norway's sovereign wealth fund, Norges, as part of its $1.35 billion IPO. Nomura also purchased a significant stake. Domestic mutual funds accounted for $246 million of the anchor book. The IPO, the country's second-largest this year, is expected to open for public subscription on 6 November and list domestically on 13 November.

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