日 Nomura Securities CEO Returns 30% After 20% Wages Cut Due to Employee Deviation

Dec 04, 2024

日 Nomura Securities CEO Returns 30% After 20% Wages Cut Due to Employee Deviation
Kentaro Okuda, Chief Executive Officer of Nomura Securities Co., Ltd. Photo source = Reuters Yonhap News



The head of Nomura Securities, a Japanese investment advisory firm and securities firm, has again announced his wage cut plan.

This seems to be aimed at reviving the company's image, which has fallen due to a series of deviations by employees.

According to NHK and other Japanese media, Nomura Securities CEO Kentaro Okuda held a press conference with executives on the 3rd and said, `We sincerely apologize to the victims and many officials in connection with the arrest and prosecution of the former employee of Nomura Securities.'



Earlier in July, a male employee of Nomura Securities was charged with attempted robbery, murder and arson by feeding sleeping pills to a female customer living in Hiroshima, stealing more than 17.8 million yen (about 170 million won) in cash, and setting a house on fire. The employee was fired in August after being disciplined.

On this day, Okuda said in connection with the case, "This is a case that should not be held by financial institutions. be taken very seriously"He apologized, but said he was not considering resigning.



He also said "We will work to restore trust so that customers can leave their money with confidence."

At the same time, he announced a voluntary wage cut in terms of moral responsibility.



Okuda said he would voluntarily return 30 percent of the executive's remuneration for three months.

Ten executives also decided to return wages at the same level.

This is Okuda's second pay cut in recent weeks

It was revealed in September this year that an employee took a profit by manipulating government bond futures in March 2021.

Later in late October, Okuda promised to return 20% of his salary for two months.

Nomura Securities, meanwhile, is Japan's largest investor and brokerage firm with 26,000 employees worldwide and offices in Tokyo, London and New York.



bellho@sportschosun.com