Nomura in senior management reshuffle

seedling_in_hands_410Nomura Holdings has established a new CEO/COO office and made a number of new management appointments in a bid to enhance its global strategy and strengthen cross-regional collaboration.

The new office will be overseen by Hiromasa Yamazaki, current head of global markets, Toshio Morita, current head of retail strategy and Kenji Kimura, current COO of Nomura International.

Reporting directly to the CEO and COO, the new CEO/COO office will be responsible for developing Nomura's global startegy. It will work closely to enhance the group's management structure and ensure efficiency use of Nomura's management resources.

In a release, the firm said the CEO/COO office will play an instrumental role in strengthening the firm’s response to financial regulatory reforms being implemented by the Basel Committee on Banking Supervision and regulatory authorities around the world.

The firm announced that David Benson, formerly chief risk officer, is to become vice chairman of Nomura Holdings and wholesale president and COO Jesse Bhattal will become deputy president of Nomura Holdings and CEO of the Wholesale division. Current wholesale CEO, Takumi Shibata, will maintain his

responsibilities as chairman of the wholesale division in addition to his role as deputy president and COO of Nomura Holdings.

Junko Nakagawa, Nomura’s co-deputy CFO, will be appointed chief financial officer, while the firm’s current CFO, Masafumi Nakada, will become president of the Nomura Trust & Banking.

All organizational changes and management appointments will come into effect on 1 April 201, subject to the necessary regulatory approvals.