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Nomura's Nagai holds on to top job despite pressure for change

Brokerage seeks path back to profitability after Lehman-era write-down

Nomura Holdings President Koji Nagai will likely report the group's first annual loss since the global financial crisis.   © Reuters

TOKYO -- Nomura Holdings said Tuesday that Koji Nagai will stay on as president and group CEO, exceeding the seven-year norm in order to steer Japan's largest brokerage group out of an earnings crunch even as some investors call for new leadership.

Since assuming the top job in 2012, Nagai has been instrumental in lifting Nomura's assets under management to over 110 trillion yen ($982 billion) from less than 70 trillion yen. The group's overseas business turned a profit during the fiscal year ended March 2017.

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