Japan's Nomura said to hire Millennium trader to lead European credit business

Japan's Nomura said to hire Millennium trader to lead European credit business

A pedestrian walks past a Nomura Securities Co. branch, a unit of Nomura Holdings Inc., in Tokyo, Japan, on Thursday, Oct. 27, 2016. Nomura's second-quarter profit jumped 31 percent as trading income made up for a slump in its retail brokerage business. Photographer: Kiyoshi Ota/Bloomberg

Nomura Holdings Inc, the Japanese brokerage struggling to improve performance overseas, is hiring a money manager from $35 billion hedge fund Millennium Management to help lead its European credit business, according to people with knowledge of the matter.

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