Kenichi Watanabe, the chief executive and architect of Nomuraâ€™s takeover of Lehman Brothersâ€™ 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 Nomuraâ€™s securities unit, and Atsushi Yoshikawa, chief of Nomuraâ€™s operations in the United States, the company announced. The management changes were approved by Nomuraâ€™s board early Thursday.
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