Nomura CEO Takes Pay Cut After Former Employee Charged with Attempted Murder

The Japanese financial giant apologizes and announces reforms following allegations against a former wealth manager accused of robbery and arson targeting clients.

Nomura CEO Kentaro Okuda will take a 30% pay cut for three months, with other senior executives facing similar reductions, in response to the scandal.
A former Nomura employee was charged with attempted murder, robbery, and arson after allegedly drugging and robbing an elderly couple before setting their home on fire in July; the victims survived.
Nomura has introduced measures to prevent employee misconduct, including stricter supervision of client visits, enhanced recruitment processes, and mandatory ethics training.
The incident follows a year of reputational challenges for Nomura, including a fine from Japan's financial regulator for bond market manipulation and the temporary loss of its primary dealer status.
Despite the controversies, Nomura continues to focus on cost-cutting and expanding its wealth management business, which has tripled assets under management over the past four years.