The Two Empires Of Max Chapman

In many ways, Max C. Chapman Jr. is Nomura Securities Co.'s dream executive. He was a respected Wall Street insider who had been president of Kidder, Peabody & Co. When Nomura, the world's largest brokerage, hired him in 1989 to become the first American to run a Japanese firm's U.S. operations, its executives saw Chapman as a key to unlock the U.S. financial markets. Nomura Securities International (NSI), Nomura's U.S. subsidiary, had been in New York for 39 years without earning a profit.

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