TOKYO -- Nomura Asset Management decided Monday to appoint Executive Managing Director Junko Nakagawa as its next CEO, making her the first woman to lead the core Nomura Holdings unit.
The official announcement will come Tuesday. Nakagawa began her career at Nomura Securities in 1988, working at its investment banking and finance divisions before becoming Nomura Holdings' first female chief financial officer in 2011.
She has served as an executive managing director and chief risk officer at Nomura Asset Management since 2017.
Nomura Holdings chief Koji Nagai, group CEO since 2012, will stay on through the change. There had been talk of him stepping down. But with a net loss expected for the fiscal year ending March 31, Nagai plans to remain at the helm to spearhead needed reforms.