Business Standard

Nomura ends financial adviser era, to move 1,500 jobs to other roles

Like Nomura's regular sales force, financial advisers sell stocks and bonds to retail investors, but their pay is weighted more towards commission

nomura
Premium

Reuters
Japan’s Nomura will no longer employ financial advisers in its retail division and plans to move more than 1,500 employees to other roles from April as a result, the investment bank and brokerage told Reuters.

A spokesman confirmed the revamp after two sources told Reuters of the plan, which comes amid a turnaround programme announced last year when Nomura suffered its first annual loss in a decade.

Like Nomura's regular sales force, financial advisers sell stocks and bonds to retail investors, but their pay is weighted more towards commission and some high performing advisers can earn more than Nomura branch managers, the
Topics : Nomura

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 22 2020 | 2:40 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com