Nomura CEO's compensation tops 300 million yen for first time

[TOKYO] Nomura Holdings Inc Chief Executive Officer Koji Nagai's pay exceeded 300 million yen (S$3.2 million) for the first time last year as profit surged to a nine-year high.

Mr Nagai's total pay including salary, stock options and bonuses increased 10 per cent to 328 million yen in the year ended March, a regulatory filing showed Thursday.

Japan's biggest securities firm is benefiting from a stock- market rally that has boosted asset-management fees and brokerage commissions. Shares of Tokyo-based Nomura have tripled since Mr Nagai, 56, took the post in August 2012.

Mr Nagai received a base salary of 102 million yen, plus 17 million yen in stock options, 70 million yen in cash bonuses and 139 million yen in deferred bonuses, the filing showed.

It's the first time a Nomura executive's compensation exceeded 300 million yen since the brokerage started disclosing the information in 2010, said Kenji Yamashita, a Tokyo-based spokesman.

BLOOMBERG