Nagai is being replaced by the co-COO of Nomura, Kentaro Okuda.
There’s about to be a big change at Nomura, with the company announcing this Monday that its Chief Executive Officer (CEO), Koji Nagai, will be stepping down from his role after seven years at the helm.
Effective from the 1st of April 2020, Nagai will no longer be the CEO of the Nomura Group and will transition to the role of Chairman of the Board of Directors. Nagai is being replaced by Kentaro Okuda, who is currently the co-chief operating officer of the Japanese financial firm.
It goes without saying that Nagai’s tenure as the CEO has been rocky, as he tried to turn the company around after its Acquisition of Lehman Brothers’ non-US operations. In fact, since the Second World War, he has been the second longest-serving CEO.
During his tenure, Nagai had been a popular choice among investors. Recently, however, Nomura has been achieving weak results, which has seen his popularity drop significantly.
As Finance Magnates reported, the company reported its first full-year net loss in more than a decade, for the year ended March 31, 2019. During the period, Nomura posted a net loss of ¥100.4 billion, down from the previous year’s profit of ¥219.3 billion.
Since then, Nagai had received a negative reception with proxy advisers recommending shareholders vote against his reappointment earlier this year. In the company’s June annual general meeting, he received only 61.7 percent of investors’ support to continue as CEO. This was down significantly from the 94 percent he received the previous year.
Kentaro Okuda joined Nomura in 1987
Okuda has been with Nomura since 1987 and has been rising through the ranks for the past three decades. Namely, he has worked in the company’s Merger and acquisitions unit and was the Director and Deputy President of Nomura Securities before his current position of COO and Deputy President.
There’s about to be a big change at Nomura, with the company announcing this Monday that its Chief Executive Officer (CEO), Koji Nagai, will be stepping down from his role after seven years at the helm.
Effective from the 1st of April 2020, Nagai will no longer be the CEO of the Nomura Group and will transition to the role of Chairman of the Board of Directors. Nagai is being replaced by Kentaro Okuda, who is currently the co-chief operating officer of the Japanese financial firm.
It goes without saying that Nagai’s tenure as the CEO has been rocky, as he tried to turn the company around after its Acquisition of Lehman Brothers’ non-US operations. In fact, since the Second World War, he has been the second longest-serving CEO.
During his tenure, Nagai had been a popular choice among investors. Recently, however, Nomura has been achieving weak results, which has seen his popularity drop significantly.
As Finance Magnates reported, the company reported its first full-year net loss in more than a decade, for the year ended March 31, 2019. During the period, Nomura posted a net loss of ¥100.4 billion, down from the previous year’s profit of ¥219.3 billion.
Since then, Nagai had received a negative reception with proxy advisers recommending shareholders vote against his reappointment earlier this year. In the company’s June annual general meeting, he received only 61.7 percent of investors’ support to continue as CEO. This was down significantly from the 94 percent he received the previous year.
Kentaro Okuda joined Nomura in 1987
Okuda has been with Nomura since 1987 and has been rising through the ranks for the past three decades. Namely, he has worked in the company’s Merger and acquisitions unit and was the Director and Deputy President of Nomura Securities before his current position of COO and Deputy President.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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