, Japan

Nomura doubles top managers’ pay for FY2024: report

CEO Kentaro Okuda is amongst those who enjoyed higher compensation.

Nomura Holdings more than doubled pay for its top managers in its latest fiscal year, reports Bloomberg, based on an invitation letter for a planned annual shareholders general meeting in 2024.

Total compensation paid to the firm’s eight executive officers rose by 150% in the year ended 31 March 2024 to $28.4m (JPY4.46b).

It includes compensations of CEO Kentaro Okuda and Christopher Willcox, who oversees investment banking and trading.

ALSO READ: Japan’s Nomura mulls dropping China securities joint venture: report

The figure also includes JPY1.21b yen in cash bonuses, and JPY598m in base salaries, as well as stock awards.

The higher pay comes with Nomura’s net income rising 79% for the fiscal year.

Read more from Bloomberg.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Singapore needs layered strategy against fraud
Scam and cybercrime cases in the city-state rose 18% to 28,751 in the first half.
OCBC to triple quantum workforce to boost security
The Singapore bank expects significant tech advancements in the next five to 10 years.
China’s payment system gets boost from renminbi rise
African SMEs get the same level of service as large companies under a more open China.