Nomura Holdings has announced senior management changes effective April 1, 2017, it has also lost the services of an influential outside director.
Koji Nagai, currently President and Representative Executive Officer, will take on a new role as Chairman of the Board of Directors, while Toshio Morita, currently Deputy President and Head of Investment Banking, Japan, will become President and Representative Executive Officer.
Nomura Securities has been working to transform its domestic business model, aiming to achieve a long-term management vision targeted at the fiscal year ending March 2020.
From Savings to Investment
«The management of Nomura Holdings will focus on managing the group as a whole, while Nomura Securities management will focus on business execution,» said Nagai.
Under the new management team headed by Morita, Nomura Securities will take on new challenges to promote the shift of personal financial assets from savings to investment in Japan.
The Japanese firm also announced that Dame Clara Furse, an outside director of Nomura Holdings, will retire from the Board of Directors at the end of March 2017.
Furse is best known for her eight year tenure as chief executive of the London Stock Exchange, when she successfully fended off a number of hostile takeover bids for the U.K. stock exchange.
