Latest news with #Willcox
Yomiuri Shimbun
4 days ago
- Business
- Yomiuri Shimbun
Japan's Nomura Committed to Growth of US Business, CEO Says
Reuters file photo Nomura Holdings Inc. Chief Executive Kentaro Okuda attends a news conference in Tokyo, Japan May 17, TOKYO, May 30 (Reuters) – Nomura Holdings 8604.T, Japan's largest investment bank and brokerage, is committed to growing its business in the United States despite recent market volatility, its chief executive said on Friday. The announcement of sweeping tariffs in April triggered market turbulence and led some investors to sell down U.S. assets as they question U.S. financial dominance and safety. 'Although America can be said to be the epicenter of the market volatility surrounding global tariff negotiations, the U.S. is the most important area rich in business opportunities,' CEO Kentaro Okuda said at an investor relations event in Tokyo. The U.S. market accounted for 14% of Nomura's income before income taxes in the year ended March 2025, according to an investor relations presentation. Nomura's management has long sought to establish the bank as a global player and in April announced the acquisition of Australian Macquarie Group's U.S. and European public asset management businesses for $1.8 billion – its largest ever. But some previous acquisitions have had mixed results, such as the purchase of some assets from Lehman Brothers in 2008, which it later wrote down. While the U.S. market will remain attractive over the long term, Nomura can benefit from any moves away from U.S. assets, Christopher Willcox, head of wholesale and chairman of the asset management division, said at the event. 'We think that the dominance of the U.S. market over the last few years is unhealthy and a rebalancing towards focusing on Europe and Asia is a good thing,' Willcox said. 'We run a global business so that's fine,' Willcox added.
Business Times
23-05-2025
- Business
- Business Times
Nomura raises top executives' pay to highest in over a decade
NOMURA Holdings increased pay for its top executives to the highest in more than a decade, as Japan's biggest brokerage posted a record annual profit on the back of the nation's retail investment boom. Compensation paid in the year ended March to the company's seven executive officers totaled 4.6 billion yen (S$41.3 million), up 3 per cent from the previous year when there were eight such officers, according to a notice for a planned annual shareholders meeting next month. On average their pay rose 18 per cent. Chief executive officer Kentaro Okuda is among the executive officers along with Christopher Willcox, who oversees investment banking and securities trading. The raise came even after some executives including Okuda took voluntary pay cuts for a pair of scandals that surfaced in the period. The Tokyo-based firm earned a record 340.7 billion yen profit last fiscal year as the return of inflation to Asia's second-largest economy energised investors. Pretax income at Willcox's wholesale division hit a 15-year high as global securities trading rebounded and cost controls improved. Dealmaking got a boost from Japan's corporate governance overhaul. Cash bonuses for the executive officers rose 88 per cent to 2.3 billion yen, while base salaries grew slightly to 607 million yen. Compensation includes stock awards as well. Nomura is in expansion mode, having recently clinched a deal to buy Macquarie Group's US and European public asset management business. The brokerage is also weighing a return to offering cash prime-brokerage services in the US and Europe - businesses it largely exited four years ago when it lost US$2.9 billion tied to the collapse of Archegos Capital Management. Last year's results were blemished by revelations of bond market manipulation and charges of attempted murder against a former employee. CEO Okuda and other executives volunteered to return a portion of their pay for several months following the incidents. BLOOMBERG
The Advertiser
21-05-2025
- Sport
- The Advertiser
Lone Aussie man standing after The Box delivers carnage
Jacob Willcox kept the Australian flag flying and Crosby Colapinto secured his place on tour as The Box delivered high-consequence surfing at the Margaret River Pro. Action returned to the heavy slab break, instead of Main Break, for the first time since 2019 for Wednesday's men's round-of-16. And it produced a day of pulsating action, Griffin Colaptino's early nine-point wave, Barron Mamiya's 15.17 total, Willcox's lone Australian hand and Jordy Smith's (17.33) clinic the highlights among a series of heavy wipeouts. Colapinto (16.00) knocked out Australian Mikey McDonagh (2.43), with West Australian Willcox's comfortable defeat of Brazil's Joao Chianca leaving him as the sole local hope in the final eight. Colapinto's younger brother Crosby then hung on in a low-scoring, emotional heat with Jackson Bunch that determined who survived the mid-season cut. His 6.53 total was enough to oust the Hawaiian (3.34) and set up a quarterfinal with Willcox. Bigger swell is tipped in coming days, but mostly off-shore, with no surfing on Thursday and the next call on Friday morning. Alive and waiting in the round-of-16 as one of five Australian women, Sally Fitzgibbons needs at least a quarter-final appearance to avoid a third straight top 10 mid-season cut. Jacob Willcox kept the Australian flag flying and Crosby Colapinto secured his place on tour as The Box delivered high-consequence surfing at the Margaret River Pro. Action returned to the heavy slab break, instead of Main Break, for the first time since 2019 for Wednesday's men's round-of-16. And it produced a day of pulsating action, Griffin Colaptino's early nine-point wave, Barron Mamiya's 15.17 total, Willcox's lone Australian hand and Jordy Smith's (17.33) clinic the highlights among a series of heavy wipeouts. Colapinto (16.00) knocked out Australian Mikey McDonagh (2.43), with West Australian Willcox's comfortable defeat of Brazil's Joao Chianca leaving him as the sole local hope in the final eight. Colapinto's younger brother Crosby then hung on in a low-scoring, emotional heat with Jackson Bunch that determined who survived the mid-season cut. His 6.53 total was enough to oust the Hawaiian (3.34) and set up a quarterfinal with Willcox. Bigger swell is tipped in coming days, but mostly off-shore, with no surfing on Thursday and the next call on Friday morning. Alive and waiting in the round-of-16 as one of five Australian women, Sally Fitzgibbons needs at least a quarter-final appearance to avoid a third straight top 10 mid-season cut. Jacob Willcox kept the Australian flag flying and Crosby Colapinto secured his place on tour as The Box delivered high-consequence surfing at the Margaret River Pro. Action returned to the heavy slab break, instead of Main Break, for the first time since 2019 for Wednesday's men's round-of-16. And it produced a day of pulsating action, Griffin Colaptino's early nine-point wave, Barron Mamiya's 15.17 total, Willcox's lone Australian hand and Jordy Smith's (17.33) clinic the highlights among a series of heavy wipeouts. Colapinto (16.00) knocked out Australian Mikey McDonagh (2.43), with West Australian Willcox's comfortable defeat of Brazil's Joao Chianca leaving him as the sole local hope in the final eight. Colapinto's younger brother Crosby then hung on in a low-scoring, emotional heat with Jackson Bunch that determined who survived the mid-season cut. His 6.53 total was enough to oust the Hawaiian (3.34) and set up a quarterfinal with Willcox. Bigger swell is tipped in coming days, but mostly off-shore, with no surfing on Thursday and the next call on Friday morning. Alive and waiting in the round-of-16 as one of five Australian women, Sally Fitzgibbons needs at least a quarter-final appearance to avoid a third straight top 10 mid-season cut.
West Australian
21-05-2025
- Sport
- West Australian
Lone Aussie man standing after The Box delivers carnage
Jacob Willcox kept the Australian flag flying and Crosby Colapinto secured his place on tour as The Box delivered high-consequence surfing at the Margaret River Pro. Action returned to the heavy slab break, instead of Main Break, for the first time since 2019 for Wednesday's men's round-of-16. And it produced a day of pulsating action, Griffin Colaptino's early nine-point wave, Barron Mamiya's 15.17 total, Willcox's lone Australian hand and Jordy Smith's (17.33) clinic the highlights among a series of heavy wipeouts. Colapinto (16.00) knocked out Australian Mikey McDonagh (2.43), with West Australian Willcox's comfortable defeat of Brazil's Joao Chianca leaving him as the sole local hope in the final eight. Colapinto's younger brother Crosby then hung on in a low-scoring, emotional heat with Jackson Bunch that determined who survived the mid-season cut. His 6.53 total was enough to oust the Hawaiian (3.34) and set up a quarterfinal with Willcox. Bigger swell is tipped in coming days, but mostly off-shore, with no surfing on Thursday and the next call on Friday morning. Alive and waiting in the round-of-16 as one of five Australian women, Sally Fitzgibbons needs at least a quarter-final appearance to avoid a third straight top 10 mid-season cut.
Perth Now
21-05-2025
- Sport
- Perth Now
Lone Aussie man standing after The Box delivers carnage
Jacob Willcox kept the Australian flag flying and Crosby Colapinto secured his place on tour as The Box delivered high-consequence surfing at the Margaret River Pro. Action returned to the heavy slab break, instead of Main Break, for the first time since 2019 for Wednesday's men's round-of-16. And it produced a day of pulsating action, Griffin Colaptino's early nine-point wave, Barron Mamiya's 15.17 total, Willcox's lone Australian hand and Jordy Smith's (17.33) clinic the highlights among a series of heavy wipeouts. Colapinto (16.00) knocked out Australian Mikey McDonagh (2.43), with West Australian Willcox's comfortable defeat of Brazil's Joao Chianca leaving him as the sole local hope in the final eight. Colapinto's younger brother Crosby then hung on in a low-scoring, emotional heat with Jackson Bunch that determined who survived the mid-season cut. His 6.53 total was enough to oust the Hawaiian (3.34) and set up a quarterfinal with Willcox. Bigger swell is tipped in coming days, but mostly off-shore, with no surfing on Thursday and the next call on Friday morning. Alive and waiting in the round-of-16 as one of five Australian women, Sally Fitzgibbons needs at least a quarter-final appearance to avoid a third straight top 10 mid-season cut.
