Nomura's joint operations chief to be new CEO, Nagai to become chairman

Nomura has picked joint operations chief Kentaro Okuda  to lead a turnaround of Japan's biggest brokerage and investment bank. He will take over from Chief Executive Koji Nagai, who will become chairman.

  The reshuffle was announced on Monday as Nomura posted its strongest quarterly profit in more than 17 years. The brokerage is in cost-cutting mode after last year, recording its first annual loss in a decade.   With years of experience in investment banking, Okuda, 56, has also worked overseas, including as.....

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