Nomura CEO’s Honeymoon Ends With $2 Billion Archegos Debacle
Takashi Nakamichi and Takako Taniguchi, 31 March 2021
Nomura Holdings Inc.’s chief executive officer was having a bumper inaugural year in charge — until a U.S. family office spoiled the party.
Just days before Kentaro Okuda’s first anniversary as head of Japan’s biggest brokerage, the company warned of a “significant” loss from an unnamed U.S. client. That’s tied to the massive unwinding of leveraged bets by Bill Hwang’s Archegos Capital Management, according to people familiar with the matter. Continue reading “Article: Nomura CEO’s Honeymoon Ends With $2 Billion Archegos Debacle”
