In wake of info leak, Nomura Holdings shareholders urged to reject CEO's re-election bid
Nomura Holdings Inc. shareholders should vote against the reappointment of its long-standing chief executive officer after Japan's biggest brokerage was penalized for leaking market-sensitive information, according to Institutional Shareholder Services Inc. CEO Koji Nagai "should be held responsible for the information leakage incident" and so ...
Nomura CEO to take 3-month pay cut over leak of information about Japan stock market changes
Nomura Holdings Inc.’s CEO will take a pay cut to assume responsibility for improper handling of stock market information by employees.
Daiwa targets younger investors with new online brokerage unit
Daiwa Securities Group Inc., Japan's second-biggest brokerage, unveiled plans to start a unit focused on mobile services as early as next year to win younger clients. Daiwa and larger rival Nomura Holdings Inc. face pressure to appeal to new investors as older clients pull money ...
Brokerage house Nomura posts first full-year net loss in a decade
Nomura Holdings Inc. posted its first full-year net loss in a decade for the year to March, reflecting losses linked to overseas operations and restructuring. The brokerage house said Thursday that it had swung to a consolidated net loss of ¥100.4 billion from the year-before ...
Nomura Holdings CEO Koji Nagai vows to cut costs and keep struggling brokerage independent
Nomura Holdings Inc.'s chief executive vowed to keep Japan's biggest brokerage independent and quickly implement his latest turnaround plan as a slumping share price puts the question of a potential merger in focus. "We cherish the strengths and utility that we have through our independence ...
Nomura shares sink as investors flee amid skepticism about revival plans
Nomura Holdings Inc.'s latest attempt to revamp its international business is falling flat with investors, who have never been so downbeat on the stock relative to global peers. Japan's largest brokerage has dropped almost 3 percent in Tokyo trading since Chief Executive Officer Koji Nagai ...
Brokerages brace for Japan's longest market shutdown since WWII
Brokerages are taking steps to help relieve at least some investors worried about getting trapped by the country's unusually long holiday next month related to the Emperor's succession. Markets in Japan are scheduled to be closed from April 27 through May 6 because the government ...
Competition for new college graduates pushes up pay at Japan's securities firms
Major brokerages are set to raise pay for newly hired college graduates this year as competition for talent intensifies, amid a rebound in retail business and a chronic labor shortage. Daiwa Securities Group Inc. plans to increase base salaries for the 600 school leavers starting ...
Nomura hires bankers from Bank of America, UBS and Jefferies in U.S. expansion
Nomura Holdings Inc. has hired 15 investment bankers in the U.S. from firms including Credit Suisse Group AG, Bank of America Corp. and Jefferies Group LLC as the trading house builds out its North American business. The additions, which took place over the past year, ...
Bible of Japanese stocks gets hot, suggesting nation's brokerages will prosper
Things are looking up for Japan's biggest brokerages, if demand for a well-known stock handbook is any guide. Copies of Kaisha Shikiho, widely regarded as the bible of Japanese equities, are being snapped up by people eager to find out more about the nation's soaring ...
Nomura CEO targets U.S. in push that could include acquisitions, and puts European ranks on notice
Nomura Holdings Inc. is getting serious about shedding its perennial underdog status in the U.S. Almost a decade after Barclays PLC beat Nomura to acquire the North American business of Lehman Brothers Holdings Inc. the Japanese investment bank remains "weak" there, Chief Executive Officer Koji ...
Nomura expected to shut London proprietary trading unit and lose four top managers: sources
Having struggled recently to make money from overseas trading, Nomura Holdings Inc. will shut a loss-making proprietary unit in London and four of the group's top managers may leave, according to people with knowledge of the matter. The group, run by Jonathan Och, employed 10 ...
