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FinanceNomura appoints ex-JP Morgan banker as Co-CEO of Americas holding firm
Reuters
1 minute read
A logo of Nomura Holdings is pictured in Tokyo, Japan, December 1, 2015. REUTERS/Toru Hanai
Nomura Holdings Inc (8604.T) said on Monday it will appoint Christopher Willcox as Co-CEO of the group s holding company for Americas as Japan s biggest brokerage and investment bank aims to beef up its U.S. management.
Willcox, former CEO of JP Morgan Asset Management, will work with Yo Akatsuka, who will remain as CEO of Nomura Holding America Inc. His appointment is effective May 3.
Senate Banking chairman prods Credit Suisse, others on Archegos
Senate Banking chairman prods Credit Suisse, others on Archegos
Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking Committee.
Senate Banking Committee Chairman Sherrod Brown, D-Ohio, is demanding answers from Credit Suisse and other banks on their margin call and market activity connected to Archegos Capital Management, the hedge fund that defaulted on margin calls by Credit Suisse and other banks last month.
In the chairman s letter sent Wednesday to Credit Suisse Securities, Nomura Holding America, Goldman Sachs and Morgan Stanley, Mr. Brown said he is troubled, but not surprised, by the news reports that Archegos entered into risky derivatives transactions facilitated by major investment banks, resulting in panicked selling of stocks worth tens of billions of dollars and those banks collectively losing nearly $10 billion.