Nomura Holdings Inc., Japan’s largest brokerage, reportedly will cut about 30 managers in its fixed income unit, 3 months after naming Steve Ashley global head of the division.  The departures will include Kieran Higgins, co-head of FI for Europe, the Middle East, and Africa, and Peter Hornick, head of FI sales for the Americas.  Georges Assi will become sole head of FI in Europe as part of the shakeup. Employees were notified by internal memo from Mr. Ashley, who said: "These changes will help drive the next phase of our growth in global fixed income.  We have a lot to achieve and I look forward to working closely with the new management team as we shape the future strategic agenda of our global business." Nomura has pledged to cut $1.2 billion of costs worldwide after expenses surged following its 2008 purchase of Lehman Brothers Holdings Inc.’s businesses in Europe and Asia.  The shakeup follows the January resignations of Jesse Bhattal, former deputy president and chief of wholesale banking, and Tarun Jotwani, who headed Nomura’s global markets unit, which was subsequently split. Revenue from fixed income was ¥71.2 billion ($860 million) in the quarter ended 12/31 - 1% less than in the year-earlier period.  Net income from the wholesale business increased more than threefold to ¥37.8 billion.   [Bloomberg, 3/13/12]