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Nomura Holdings Inc.’s Kentaro Okuda was paid ¥320.4 million ($2.9 million) during his first year as chief executive officer that concluded with the implosion of Archegos Capital Management.

Okuda also received a ¥16 million housing allowance, according to an annual securities filing on Friday. That compares with the ¥422 million Okuda’s predecessor Koji Nagai was paid during his final year as CEO. Nagai, now the chairman of Japan’s largest brokerage, received ¥192.2 million in pay last year, according to the filing.

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