Tokyo, January 10, 2012 – Nomura Holdings, Inc. today announced Jasjit Bhattal's decision to retire from his position as President and CEO of the Wholesale division and Deputy President of Nomura Holdings.
Mr. Bhattal's responsibilities will be assumed on an interim basis by Nomura Group COO and Chairman for Wholesale, Takumi Shibata, who will also determine the strategy to appoint his permanent successor.
Mr. Shibata commented: "Jesse has had a distinguished career, spanning nearly three decades in the industry. We would like to thank him for his contribution in leading the wholesale business through exceptionally difficult markets, growing market share across all key product lines and helping to transform the franchise. He leaves Nomura well-positioned in terms of depth of management talent and client relationships to establish us as Asia's number one global investment bank. We wish him well in his future endeavors."
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 27,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, asset management, and wholesale (global markets and investment banking). For further information about Nomura, please visit www.nomura.com.