, 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.

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