Reported 5 months ago
The article reports that Nomura Holdings Inc. increased pay for its top executives by 150% in the last fiscal year, totaling 4.46 billion yen, as the firm's profit rebounded due to strong domestic markets. CEO Kentaro Okuda and Christopher Willcox, in charge of investment banking and trading, were among those receiving the increased compensation, including stock awards, cash bonuses, and base salaries. This rise in executive pay reflects Nomura's improved performance after overcoming setbacks in recent years, with a focus on diversifying income streams and strengthening risk controls following a significant loss in 2021. The firm's profitability has been supported by Japan's economic recovery, particularly in investment banking and retail brokerage, amid a domestic stock market rally and increased dealmaking activity.
Source: YAHOO