TOKYO, March 7 Nomura Holdings Inc will
promote company veteran Toshio Morita to the role of president
of its Nomura Securities subsidiary, people familiar with the
matter said on Tuesday.
Morita, who has been with Nomura since 1985, will take the
reins from Nomura's Group Chief Executive Officer Koji Nagai,
who will remain in charge of the holding company.
Nomura Securities is the brokerage's core securities
business, providing individual and institutional investors with,
among others, investment advisory and securities underwriting
A Nomura spokesman declined to comment. The company is
scheduled to announce annual management changes later on
Morita's promotion was first reported on Tuesday by the
Nikkei business daily.
(Reporting by Emi Emoto and Thomas Wilson; Editing by