Nomura's CEO, COO Resign as Regulators Hover

Nomura
Asian investment bank reshuffles staff as president promises change.

Nomura CEO Kenichi Watanabe has resigned from the multinational bank, to be replaced by the head of its domestic brokerage.

Chief operating officer Takumi Shibata has also left his post, while the bank remains under scrutiny from the Securities and Exchange Surveillance Commission (SESC), the Japanese regulatory agency, following an admission by the firm that some of its brokers leaked information to clients ahead of trades.

Watanabe will be replaced by Koji Nagai, the president of Nomura

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