Nomura is making changes to its investment banking teams, creating a “clearing house for cross-border ideas” through a virtual cross-border M&A team, and amalgamating groups, amid a shake-up at the Japanese bank.

The bank will merge the M&A and UK teams under Adrian Fisk, who previously co-headed European M&A with Andrew McNaught. It is understood that McNaught will stay on at the bank in his old role.