Top India-born executives leave Nomura

January 11, 2012 16:48

The ex-Lehman Brothers Inc. banker who was to salvage Nomura Holdings Inc.'s ambitious global expansion resigned after he was unable to garner support for a more radical overhaul of the global wholesale-banking operations, people familiar with the matter said.

The resignation of Jasjit "Jesse" Bhattal, Nomura's highest-ranking foreign executive and joint deputy president, is a major blow to Nomura's bid to become a global investment-banking powerhouse. On Bloomberg.

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Also see on the WSJ: Nomura banker quits over cuts

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