Heard on the Street: Nomura’s attempt to become a global bulge-bracket investment bank has fallen flat in the past decade. Its new boss will wrestle with the same challenges his predecessors faced.
Nomura’s attempt to become a global bulge-bracket investment bank has fallen flat in the past decade. Its new boss will wrestle with the same challenges his predecessors faced.
The Japanese bank announced Monday that Kentaro Okuda, one of its chief operating officers, will take over as chief executive officer in April from Koji Nagai, who will become chairman. Mr. Nagai was only narrowly reappointed to the board in June over the objection of influential advisory firm Institutional Shareholder Services Inc.
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