FSA prevents banker from joining Nomura

25 May 2010 at 16:37

FSA prevents banker from joining Nomura A banker who attempted to join Japanese bank Nomura has had his move blocked by the Financial Services Authority (FSA).

Former Morgan Stanley banker John Hyman was set to become new co-head of global finance at the firm's London arm but has been prevented in doing so by the FSA as part of a string of moves designed to highlight its desire to clamp down on executive appointments.

Reports suggest that Mr Hyman, who was previously joint head of global capital markets at Morgan Stanley, is in limbo while the FSA investigates an authorisation issue, but the regulator has so far issued no comment on the matter.

The block is one of several made by the FSA in the last 12 months as it tightens restrictions on moves within the city.

Last year, the regulator rejected over ten per cent of the appointments it examined, which totalled 18 candidates.

It also comes after Johnny Cameron, the former chief executive of RBS's investment banking division, was last week banned from working in the financial services industry by the FSA. ADNFCR-3006-ID-19798410-ADNFCR

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