Business / Financial Markets Jul 21, 2020
Nomura launches drive to tempt retail customers from commission to fees
by Takashi Nakamichi and Takako Taniguchi
"A lot of people say we could face resistance in Japan because many may prefer transaction-based payment,” said Chie Toriumi, a senior managing director.
Business Jun 7, 2020
Nomura to rethink office space as new CEO seeks deeper cuts
by Takashi Nakamichi and Takako Taniguchi
Nomura Holdings Inc.’s use of office space is part of a sweeping review ordered up by its new chief executive as the brokerage looks to shave costs in the wake of the coronavirus pandemic. Kentaro Okuda said he has instructed each department to discuss the ...
Business / Corporate Mar 28, 2020
Nomura's new CEO faces tough initiation juggling overhaul and virus
by Takashi Nakamichi
It was supposed to be a smooth transition for Nomura Holdings Inc.'s new boss. Then the coronavirus struck. Thanks to the pandemic, Kentaro Okuda, 56, takes the reins of Japan's biggest brokerage on Wednesday with the prospect of deals drying up as bankers keep away ...
Business / Corporate Feb 19, 2020
Nomura is finally making money from Asia investment banking
by Cathy Chan
Nomura Holdings Inc.'s investment banking business in Asia is set to return to profit this fiscal year after more than a decade of losses since its Lehman Brothers Holdings Inc. acquisition, according to its division chief. Cost cuts and fees from financing will drive the ...
Business / Corporate Feb 5, 2020
Nomura pushes ahead with China hiring, says virus outbreak may slow plans
Nomura Holdings Inc. is moving forward with plans to hire wealth managers for its new China operation, though the outbreak of the new coronavirus threatens to slow the expansion, according to an executive overseeing the project. "We are entering the phase of adding front-line ...
Business Jan 20, 2020
Nomura hiring dozens to expand wealth-management drive to rest of Asia
by Chanyaporn Chanjaroen and Alfred Liu
Nomura Holdings Inc. plans to hire dozens of private bankers in Hong Kong and Singapore in a bid to extend its wealth management push from Japan and mainland China to the rest of Asia. The Tokyo-based firm, which has already outlined aggressive plans for China, ...
Business Jan 2, 2020
China to cut reserve requirement for banks as economy slows, freeing up $114 billion
China's central bank announced Wednesday it was cutting the reserve requirements for banks, freeing up about $114 billion to boost lending and spur the slowing economy. The People's Bank of China will cut the reserve requirement ratio (RRR) on Jan. 6 by 50 basis points, ...
Business / Corporate Dec 3, 2019
Nomura's next CEO stresses 'urgency' in cementing overhaul
by Takashi Nakamichi and Takako Taniguchi
Nomura Holdings Inc. named Kentaro Okuda as its new chief executive officer, turning to a 32-year company veteran to help cement a sweeping overhaul of its global operations and reverse a slump at home. Co-chief Operating Officer Okuda, 56, will replace Koji Nagai on April ...
Business / Corporate Dec 2, 2019
CEO of Japan's Nomura unexpectedly steps down as restructuring bears fruit
Nomura Holdings Inc. Chief Executive Officer Koji Nagai is resigning after seven years in the post, handing over to his deputy at a time when an overseas restructuring is starting to bear fruit. Co-Chief Operating Officer Kentaro Okuda will take the reins at Japan's biggest ...
Business Oct 31, 2019
Japan Inc. paying more dividends than ever, says Nomura Holdings
by Min Jeong Lee
Japan Inc. is paying dividends like never before, and that's poised to lure more investors, according to Nomura Holdings Inc. Dividends for companies traded on the first section of the Tokyo Stock Exchange reached an estimated ¥14.5 trillion ($133 billion) in August, according to data ...
Business / Corporate Jun 12, 2019
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 ...