Nomura scales back China wealth, seeks new CEO


Nomura Orient International Securities Co has trimmed staffing by about two-thirds in its China wealth business over the past two years. — Bloomberg

TOKYO: Nomura Holdings Inc has scaled back its original focus on China wealth to prioritise an expansion in brokerage and asset management in the world’s second largest economy, according to sources.

Nomura Orient International Securities Co has trimmed staffing by about two-thirds in its China wealth business over the past two years, the sources said.

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