Nomura CEO Paid $2.9 Million in Year Capped by Archegos Saga
- Brokerage was one of the hardest hit by the Archegos collapse
- Before Archegos, Okuda enjoyed a bumper inaugural year as CEO
Kentaro Okuda
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
Nomura Holdings Inc.’s Kentaro Okuda was paid 320.4 million yen ($2.9 million) during his first year as chief executive officer that concluded with the implosion of Archegos Capital Management.
Okuda also received a 16 million yen housing allowance, according to an annual securities filing on Friday. That compares with the 422 million yen Okuda’s predecessor Koji Nagai was paid during his final year as CEO. Nagai, now the chairman of Japan’s largest brokerage, received 192.2 million yen in pay last year, according to the filing.