Nomura incoming CEO says to speed up reform, domestic retail business seen in focus

) incoming chief executive Kentaro Okuda said on Tuesday he wanted to speed up the pace of reform at the country’s largest brokerage, which has long struggled to make its mark globally and must deal with a shrinking retail business at home.

Never realizing its ambition of becoming a global investment bank or even gaining a strong footing after its 2008 disastrous acquisition of Lehman Brothers’ Asian and European businesses, Nomura last year posted its first annual loss in a decade. “I want to speed up our pace of reform, taking it into account the change that is affecting our customers and financial markets,” he said.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mars CEO explains how Gen Z is transforming the $35 billion company's workplace - Business InsiderMars CEO Grant Reid said that the work environment at Mars includes more flexibility, the ability to work from home, and open offices.
Source: BusinessInsider - 🏆 729. / 51 Read more »

C.H. Robinson CEO reveals how he's navigating tech talent shortage - Business InsiderThe new CEO of trucking giant C.H. Robinson reveals why being in Eden Prairie, Minnesota, is a secret weapon in the fight for engineering talent and what he really thinks about the truck driver shortage
Source: BusinessInsider - 🏆 729. / 51 Read more »