Nipun Goel, investment banking head, Indraneil Borkakoty, capital market division head and Shubham Majumder, executive director, have stepped down from the Indian unit of the Japanese financial services company Nomura Holdings, Reuters reports. All the three officials joined Nomura in 2010, adds Economic Times.

The resignations follow the company’s downsizing drive. Previously, Goel was with financial services company Merrill Lynch India, Majumdar with Hong Kong–based Macquarie Group affiliate Macquarie Capital Securities and Borkakoty with India's investment bank Kotak Mahindra Capital.

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