Nomura Holdings Inc.s chief executive vowed to keep Japans biggest brokerage independent and quickly implement his latest turnaround plan as a slumping share price puts the question of a potential merger in focus.
We cherish the strengths and utility that we have through our independence as a Japanese financial group, CEO Koji Nagai said in an interview Friday in Tokyo. Its not going to happen that well become part of a financial company elsewhere. Were not thinking about such a thing.
Nagai, 60, unveiled plans this month to cut $1 billion worth of expenses from Nomuras struggling global trading and investment banking business, a move that has already resulted in dozens of job cuts worldwide. The firms valuation is close to the bigge…
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