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.
Japan brokerage aims to grow securities-based lending, trust services
Banking will be Nomura's fourth segment alongside traditional brokerage services. © Reuters
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.