TOKYO -- Nomura Holdings will set up a banking division on April 1, upgrading what has been a narrowly focused business as part of CEO Kentaro Okuda's efforts to ensure the top Japanese brokerage group can profit in any market environment.
Announced Friday, the new division will be the group's fourth segment, alongside retail-focused wealth management, investment management and wholesale operations for corporate clients. Nomura Trust and Banking, as well as European arm Nomura Bank (Luxembourg), will be under the division's umbrella.
