[ by Melanie Gretchen and Howard Haykin ]

Dealbreaker's Bess Levin, once again, is keeping tabs Job Cuts in and around Wall Street.  This time, the action centers around Nomura Securities and its London equity research operation.  Looks like that office is experiencing big cuts. 

Here's Ms. Levin's specific take on the situation:   "One said equities headcount has been reduced quite substantially, with utilities, healthcare and pharmaceutical research teams and a senior banking analyst among the victims. Another headhunter said the retail has also been cut."

[C-I Note:  This writer worked at Nomura for a short spell, and one thing was clear at the U.S. broker-dealer affiliate of Japan's largest brokerage firm:  fixed income has always received that firm's focus of attention.  Of course, that comment is not intended to deny the fact that the firm may have built up a viable equity research and trading presence.  Instead, the observation is intended to indicate that the firm may not have as much patience with equities as it does with fixed income business areas.]

For further details, go to [Dealbreaker, 3/13/13].