Japan's Nomura names Kentaro Okuda as new CEO to lead turnaround

Japan's Nomura names Kentaro Okuda as new CEO to lead turnaround

A man walks next to a sign for Nomura Securities in Tokyo July 25, 2013. REUTERS/Yuya Shino

Nomura has picked joint operations chief Kentaro Okuda to lead a turnaround of Japan’s biggest brokerage and investment bank, taking over from chief executive Koji Nagai, who will become chairman.

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