So far this year at Nomura, it’s all been about redundancies. Nomura cut more than 100 staff outside of Japan in April, including some in Singapore, part of an effort to save $1bn in costs. In Hong Kong, however, the bank has just made a senior hire.
Gordon Youl has moved from Barclays to Nomura at MD-level as head of DCM transaction management and joint head of the corporate finance group, both for Asia ex-Japan.
Youl joined Barclays in 2007 as a director and head of transaction management for Asia Pacific. He later became head of APAC corporate finance solutions, and was promoted to MD in 2013, according to his online profile.
During his stint at Barclays, Youl “executed numerous loan, debt and equity capital markets transactions and worked on high profile offerings for leading Asian financial institutions, sovereigns, state owned enterprises and corporates”, according to a 2018 biography.
Youl graduated with a law degree from Deakin University in Australia in 1997 and spent the first eight years of his career at Australian law firm Mallesons Stephen Jaques (now King & Wood Mallesons). He moved into banking in 2005, joining ABN AMRO and working there for about two and a half years, latterly as a director.
His previous employer, Barclays, has recently hinted that it will be hiring again in Asia, following cutbacks made in 2016. Chief Executive Jes Staley said last week that he wants Barclays’ corporate and investment bank (CIB) to selectively expand in Asia over the next two to three years. Any hiring is dependent on Barclays hitting global returns targets, however.
Image credit: zhuyufang, Getty
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