Two of those meetings happened in January, while the third was on March 18, the day after Deutsche and Commerzbank publicly confirmed they were in talks about a possible merger.
The bulk of the reductions are likely to come at Nomura’s troubled European business, which has lost billions of dollars in the past decade, the people said.
“Those fears are receding a bit, partly because it looks like a deal is achievable and partly because China has taken relatively modest actions to re-stimulate its economy,” he said.
So far, JP Morgan has shifted only a few dozen staff to continental Europe, preferring to wait until absolutely necessary before committing to Brexit moves.
Both the deal and this latest merger are inline with Morabanc's strategic plan, announced last November, whose main objective is to place clients' service at the centre of the business, the bank said.