Nomura Chief Resigns Over Insider Trading Scandal

Kenichi Watanabe, the chief executive and architect of Nomura’s takeover of Lehman Brothers’ Asian and European operations, resigned to take responsibility for the scandal, together with Takumi Shibata, the chief operating officer.

They will be succeeded by Koji Nagai, who leads Nomura’s securities unit, and Atsushi Yoshikawa, chief of Nomura’s operations in the United States, the company announced. The management changes were approved by Nomura’s board early Thursday.

via NYTimes

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza