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Nomura Ex-Head of Program Trading Wells Said to Join Hedge Fund

Bloomberg – Nicholas Wells, Nomura Holdings Inc. (8604)’s former head of equities program trading, has left the bank and plans to join hedge-fund firm Millennium Management LLC, according to two people with knowledge of the matter.

Wells will be joined at Millennium by two junior Nomura colleagues, said the people, who asked not to be identified because the departures aren’t public. Wells joined Nomura in London from Lehman Brothers Holdings Inc. after the Japanese lender acquired the collapsed firm’s European business.

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