• Bloomberg


Nomura Holdings Inc. Chief Executive Officer Kenichi Watanabe said Friday that he will take a pay cut after a committee said management was partly to blame for an insider trading incident at the nation’s largest securities firm.

Watanabe, 55, will take a 30 percent pay reduction for three months, he said at a briefing in Tokyo. Inadequate personnel management contributed to the insider trading, which led to a former Nomura employee being charged by Tokyo prosecutors, a special committee appointed by the firm said separately in a report.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.