Nomura CEO quits

Nomura CEO resigns in wake of insider trading scandal

Both the chief executive and chief operating officer resign from Japan's leading investment bank amid an insider trading scandal.
Nomura CEO, Kenichi Watanabe L, and Nomura Securities president Koji Nagai bow their heads to apologise at the company's headquarters in Tokyo last month

Reeling from an insider trading scandal, Nomura Holdings yesterday announced the resignation of Kenichi Watanabe as the chief executive officer of Japan’s top brokerage.

The troubles at Nomura, which bought Lehman Brothers’ Asian and European operations in 2008, have come to light at a time when the financial industry is already facing a difficult business environment, from the eurozone debt crisis to global regulatory tightening. Similarly, in Europe, Bob Diamond resigned as Barclays’s chief executive...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222