FSA Hyman ban reflects strategy change

The former co-head of global capital markets at Morgan Stanley, John Hyman, has been prevented from joining Nomura by the UK's Financial Services Authority (FSA), according to reports.

Hyman, who left Morgan Stanley in December 2009, has not been banned from the City as a whole, but the FSA has blocked his appointment at Nomura.

Hyman's treatment differs from that of other individuals, such as former Royal Bank of Scotland (RBS) head Johnny Cameron, who was recently barred from working in the

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