Nomura Holdings has appointed 11 new board directors and seven executive officers.

Nomura Holdings, the Japan-headquartered financial services group, has appointed 11 new board directors and seven executive officers, according to a statement.

Nobuyuki Koga assumes the role of chairman of the board and chairman of the nomination and compensation committees. The board is now composed of directors Koji Nagai, Atsushi Yoshikawa, Hiroyuki Suzuki and David Benson. 

Also joining are outside directors Masahiro Sakane of Komatsu, Takao Kusakari of NYK Line, certified public accountant Tsuguoki Fujinuma, lawyer Toshinori Kanemoto, former London Stock Exchange chief executive Dame Clara Furse, and ex-Pricewaterhouse Coopers Singapore executive chairman Michael Lim Choo San. Outside directors are neither an employee or stakeholder in the firm.

Nagai is also now the group CEO, while Yoshikawa is the president and group chief operating officer. Tetsu Ozaki is the wholesale CEO, Toshio Morita is the retail CEO and Kunio Watanabe is the asset management CEO. Shoichi Nagamatsu has been named as the chief of staff, while Shigesuke Kashiwagi is the chief financial officer. 

The announcement came just a week after the firm launched a new wealth management division within the retail arm, which integrates its Japan wealth management and Asia wealth management businesses, as reported previously. The new division will be overseen by Juntaro Kimura as senior managing director and head of wealth management at Nomura with effect from 1 July.