Nomura Announces Organizational Changes

Published March 8th, 2010 - 09:44 GMT

Nomura Holdings, Inc. today announced a number of organizational changes and new management appointments aimed at ensuring closer collaboration across the firm’s global business platform and support functions while further enhancing its risk management operations. These moves will help Nomura to best meet the needs of its global client base. All organizational changes and management appointments are effective from April 1, 2010, subject to necessary regulatory approvals.

Global Markets
Hiromasa Yamazaki, the current Global Markets Deputy CEO, will be appointed Global Markets CEO to oversee the division’s operations, which include Global Equities, Global Fixed Income, and Asset Finance.

The current Global Markets CEO, Akira Maruyama, will become Deputy President of Nomura Securities with responsibilities for the public sector. He will also be appointed President and CEO of Nomura Institute of Capital Markets Research.

In addition to new responsibilities in the US as described below, Naoki Matsuba, currently Head of Global Equities, will continue to manage Nomura’s Global Equities business as Co-Head of Global Equities.

In recognition of his instrumental role in building up Nomura’s equities business in Europe and the Middle East, Rachid Bouzouba, currently Head of Equities, EMEA, will be appointed Co-Head of Global Equities to work on further developing Nomura’s growing equities business on a global basis.

Americas CEO
Naoki Matsuba will take over as the new CEO for the Americas to further drive Nomura’s build out in the US. He will be appointed President and CEO of Nomura Holding America and Chairman and CEO of Nomura Securities International, subject to local internal and regulatory approvals.

Nomura has been rapidly building its presence in the Americas, a region that will play a key role in the firm’s global business going forward. Mr. Matsuba will also be responsible for further enhancing Nomura’s business support functions in the Americas.


Risk management
Nomura has significantly enhanced its risk management in recent years. To further build on this progress, Nomura will establish a Group Risk Management Planning Department that will be responsible for developing and implementing risk management processes.

Nomura will also set up a new Government Affairs and Risk Advisory Group that will be overseen by Shigesuke Kashiwagi, currently the firm’s CEO for the Americas. This group will be responsible for gathering information to investigate and analyze risk management issues, while also collaborating with various departments in the firm and external parties.

Business support functions
Hiroshi Tanaka, currently Group Compliance Head and Chief Information Officer, will be appointed Group Chief Administrative Officer to oversee Nomura’s IT, operations, and compliance functions. He will work closely with the CAOs in each region to build on the substantial progress already made in creating a global platform for Nomura’s business support functions.

International operations
Along with the appointment of a new CEO for the Americas, Nomura also announced a number of management changes in its international operations. Yasuaki Ogiwara will be appointed President and CEO of Nomura Italia and Albert Weng will be appointed as head of the Taipei branch of Nomura International (Hong Kong) Limited. Masahiro Goto will move to London from Tokyo to take up the position of Co-Head of Investment Banking, EMEA.

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