Discover your dream Career
For Recruiters

As Nomura cuts costs (again) a tech MD escaped to JPMorgan

It's not easy to find a new job in financial services now, and technology roles are no exception. But there are people out there bucking the trend and finding bigger and better jobs. Take Julien Pequegnot who has left Nomura one day after the Japanese bank announced another round of cuts.

Pequegnot, who has a long history of credit technology jobs, is joining JPMorgan as a technology managing director in New York. He spent a cumulative 12 and a half years as an MD at the Japanese bank across two stints, with a two and a half year stay at Bank of America in between. He was reportedly CTO of risk IT at BofA,

Pequegnot was educated at the University of Manchester and ran Lehman Brothers' credit analytics team in London for almost three years. He also began his career as a trading systems developer in Cambridge. 

Click here to sign up to our technology newsletter 🔧

This may be an opportune time to leave Nomura. The bank announced plans yesterday to cut $100m in costs in its wholesale banking division. While its unclear where the cuts are coming from, Bloomberg says the bank is focusing resources on core products and regions. These are in addition to the $340m of cost reductions it says will be completed by 2025.

JPMorgan announces and pays its bonuses in January. Nomura, however, announces and pays its bonuses in May. Pequegnot, who likes to run marathons, may not be getting a bonus from JPMorgan. He presumably didn't think it was worth sticking around for one at Nomura. 

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance.

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by Markus Winkler on Unsplash

author-card-avatar
AUTHORAlex McMurray Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Quantitative Researcher
Alexander Chapman
New York, United States
DTG Capital Markets
Quantitative Trader/Portfolio Manager - mid/low freq EQ
DTG Capital Markets
New York, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.