Nomura nominates two foreign outside directors

TOKYO, May 17 (BestGrowthStock) – Nomura Holdings (8604.T: ), Japan’s
largest brokerage, said on Monday it has nominated two foreigners
to serve as outside directors.

If they are approved at Nomura’s shareholders meeting next
month, the two would become the brokerage’s first foreign outside
directors.

Nomura has nominated Lord Colin Marshall, a former chairman
of British Airways (BAY.L: ), and Dame Clara Furse, a former chief
executive of the London Stock Exchange (LSE.L: ), to the posts.

Japan’s largest brokerage has been trying to turn itself into
a global investment bank by using the platform of the European
and Asian operations it bought from failed U.S. investment bank
Lehman Brothers (LEHMQ.PK: ), while it is also building up its
presence in the United States.

Nomura has been assigning key roles to foreigners since its
purchase of Lehman operation in 2008, such as Jesse Bhattal, the
former Asia-Pacific CEO of Lehman Brothers, who was named to
oversee a new wholesale division Nomura created by combining its
investment banking and trading businesses.
Penny Stocks

(Reporting by Junko Fujita)

Nomura nominates two foreign outside directors