Nomura CEO Resigns Amid Insider Trading Scandal

Law360, New York (July 26, 2012, 2:01 PM EDT) -- The chief executive of Nomura Holdings Inc., the largest investment firm in Japan, and his top lieutenant resigned Thursday over recent revelations that the firm allowed inside information about upcoming public offerings to leak to clients.

CEO Kenichi Watanabe and Chief Operating Officer Takumi Shibata stepped down in response to the insider trading scandal, according to the company. Koji Nagai, currently the president of Nomura Securities, will take over for Watanabe, while Atsushi Yoshikawa, regional CEO of the Americas, will take over for Shibata, Nomura said....
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