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Global head of prime services exits Nomura

The Hong Kong-based managing director behind the Japanese bank's aggressive plans to grow market share in prime services, has left

The global head of prime services at Nomura, who only last week outlined aggressive plans for growing the business, has left the bank.

Hong Kong-based Tim Wannenmacher, a former Lehman Brothers banker who has led the division since October 2008, has left, according to three people familiar with the situation. The reasons for his departure could not be ascertained. Wannenmacher could not immediately be reached. Nomura declined to comment.

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