Nomura Holdings more than doubled pay for its top managers last fiscal year, as earnings at Japan’s largest brokerage rebounded on booming domestic markets.
Total compensation paid to the firm’s eight executive officers rose 150% in the year ended March 31 to ¥4.46 billion ($28.4 million), according to a recent notice for a planned annual shareholders general meeting next month.
Chief Executive Officer Kentaro Okuda is among that group, as is Christopher Willcox, who oversees investment banking and trading. The figure includes stock awards as well as ¥1.21 billion in cash bonuses and ¥598 million in base salaries.