TOKYO -- Nomura Holdings' decision to tap Kentaro Okuda, the former head of U.S. operations with a Wharton School business degree, as the next president and CEO suggests that Japan's largest brokerage once again will attempt to fight on the global playing field.
The renewed focus on global operations follows a bruising decade after acquiring Lehman Brothers' Europe and Middle East assets in 2008. The acquisition resulted in massive impairment losses and has been a topic of constant bickering from the domestic faction within the company.
