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Report: Nomura suspends 2 London-based junk bond traders

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Report: Nomura suspends 2 London-based junk bond traders

Nomura Holdings Inc. suspended Shaun Barlow, head of high-yield bond trading at the Japanese company's London office, and Jeremy Gosling, a trader who reports to Barlow, "people with knowledge of the matter" told Bloomberg News.

Nomura's London traders were informed of the suspensions in December and were also told that some of the team's junk bond positions had been mispriced, according to two of the people.

Barlow reports to Omar Ghalloudi, who was appointed head of developed markets trading, flow credit for Europe, the Middle East and Africa in November, Reuters reported.