Jeremy Bennett, Nomura Holdings Inc.’s chief executive officer for Europe, the Middle East and Africa, has resigned after less than two years in the job.
Yasuo Kashiwagi, who had been the unit’s co-CEO, will become interim CEO, a spokesman for the bank in London said Tuesday.
Kashiwagi held the same role when John Phizackerley resigned as Nomura’s CEO for the region in 2013.
Bennett, 50, plans to pursue opportunities in the charitable sector and emerging markets, the spokesman said. The former Credit Suisse Group AG banker and senior adviser to Britain’s Financial Services Authority didn’t immediately reply to a message left on his mobile telephone.
Nomura posted a 39 percent increase in quarterly net income last month as its overseas businesses returned to profit. Japan’s biggest brokerage has been rebuilding its international operations after cutting them back following its purchase of parts of Lehman Brothers Holdings Inc. in 2008.
The firm reported a ¥3.7 billion pretax profit from abroad in the three months ended Sept. 30, led by Europe and Asia, company figures showed. In Europe, Nomura reaped ¥2 billion of profit before taxes compared with a ¥19.6 billion loss a year earlier.
Nomura is on course to achieve a goal of earning ¥50 billion in annual pretax profit from overseas by March 2016, Chief Financial Officer Shigesuke Kashiwagi said last month. The Japanese firm hasn’t made an annual profit from abroad since the year ended March 2010.
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