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Lehman Executive Departures Mark ‘Turning Point’ for Nomura

The resignation of two former Lehman Brothers Holdings Inc. executives from Nomura Holdings Inc. may allow Japan’s biggest brokerage to revamp a business that has stumbled since it bought assets of the failed U.S. firm in 2008.

Jesse Bhattal, deputy president and chief of wholesale banking, quit Nomura yesterday, the Tokyo-based company said. Tarun Jotwani, head of Nomura’s global markets unit, also agreed to step down and his division will be split up, according to a person with knowledge of the matter.