Nomura Holdings has hired two executives for its leveraged finance group, a source familiar with the situation confirmed. The additions come in the wake of several high profile departures from the Japanese bank.
Carl Mayer, a leveraged finance veteran most recently with Citadel, joined Nomura last week, along with Stephen Cunningham, most recently with Deutsche Bank.
A Nomura representative declined to comment.
Mayer, who was head of leveraged finance at Citadel’s startup investment-banking unit, left in January, according to the Financial Industry Regulatory Authority (FINRA) Web site. Citadel shut part of the business and agreed to sell the remainder to Wells Fargo. Mayer previously worked for Merrill Lynch and Deutsche Bank.
Cunningham served as Deutsche's head of Latin American merger advisory and corporate finance. He’d been with the German banks since 2006, previously working for Morgan Stanley and Bear Stearns, according to FINRA.
The additions come in the wake of the departure of Nomura’s coheads of leveraged finance for the Americas. Steven Seltzer left for JPMorgan in July, and Julie Persily also resigned. Stephen Reilly, head U.S. loan trader at Nomura, left the bank in June.
In other hiring news, Citigroup has hired a Bank of America Merrill Lynch high yield sales managing director to head up its European high yield syndicate in London, according to International Financing Review.
Jason Bruhl joins Citi as a managing director, taking over the position held most recently by Lee Hope, who left the bank in June to become head of high yield research at Credit Suisse.
He will report to Paul Simpkin, head of European leveraged finance, and Peter Charles, head of the EMEA fixed income syndicate, who took over responsibility for high yield syndication after Hope left.
At BofA Merrill, Bruhl was a managing director in European high yield sales. Bruhl has more than 10 years of experience in European leveraged finance origination, starting his career at Deutsche Bank.