The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Nomura Holdings Inc plans to introduce flexible work on a permanent basis for its overseas staff, the latest global financial firm to consider such a move as the pandemic reshapes office life.
While the planning is at an early stage, Nomura sees both an “appetite and ability to support an operating model in which 50% of our corporate workforce across our international offices will work remotely at any one time,†the company said in an internal memo seen by Bloomberg.
Japan’s biggest brokerage joins banks including Standard Chartered Plc and Deutsche Bank AG that are considering keeping flexible work arrangements even after the health
crisis subsides. Such a move might allow Nomura to cut office space, Chief Executive Officer Kentaro Okuda said earlier this year.
The move would provide the “right mix†of flexibility and work-life balance while maintaining productivity and face-to-face contact, Nomura said in the memo, which was circulated in recent months and remains under discussion.
A spokesman for Nomura in London declined to comment.
Individual levels of remote work would depend on a variety of factors including role, personal circumstances, clients and regulations, the document said. Nomura’s corporate division handles functions ranging from finance to risk management, compliance and human resources.